The bike is a bit overpriced at $400, considering it is not even a well known brand and in need of a good cleaning and an overhaul. There is also a mishmash of parts on it that pulls the value of the whole bike down a bit. I would think $325 max. would be more realistic for that bike. There's also enough wear on the graphics to consider asking for a lower price.
A bike with lots Italian flag graphics on it with Shimano DA components?? Now if it had a full Campagnolo Nouvo Record Gruppo on it, it will be a different story.... Then maybe I'd pay 400 and up if the bike had that.
__________________
72 Line Seeker
83 Davidson Signature
84 Peugeot PSV
84 Peugeot PY10FC
84 Gitane Tour de France.
85 Vitus Plus Carbone 7
86 ALAN Record Carbonio
86 Medici Aerodynamic (Project)
88 Pinarello Montello
89 Bottecchia Professional Chorus SL
95 Trek 5500 OCLV (Project)