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Is it worth $250?

Seller says he bought it for $350 from a bike shop. It's got no visible decals from the pictures...

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    What its worth is highly market and person specific. Try to look for a serial number and see if any of the components are marked so you can assess their value, but I suspect its just a basic single speed frame with base components. – Batman Jun 21 '14 at 1:38
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    As a rough guide I would never pay more than 50% of rack rate for a second hand bike, but this is country and market (as in type and value of bike) dependent. – mattnz Jun 21 '14 at 5:42
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    Probably not worth $250, but it appears to be a step above the cheapest department store bikes. It should be more a question of what it's worth to you -- does it suit you needs and budget? – Daniel R Hicks Jun 21 '14 at 13:49
  • You can also ask the guy where he bought it and check the shop (presumably its not too far away). – Batman Jun 22 '14 at 17:16
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    To follow on from @Batman's comment, even if you can't visit the shop, if seller says they bought it from a shop, they should have some documentation that came with the bike. This will not only tell you what the bike is, it would also be a pretty good indicator that it hasn't been stolen. – PeteH Jun 23 '14 at 7:41
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Those wheels are worn. That would need to be a $700 bike new to be worth $250 in that condition.

Pictures don't show detail on the items like brakes, bb, crank, wheel, hub, and chainring that would give a clue. If you are not finding mid range name brand components that bike is not worth $250.

A lowest end bike is under $100. This is picture of $300 bike new. Assume that is a low end bike until you have evidence it is not. enter image description here

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