Is this a good price for a monark?

[cburgess77]

This isn't my ad but I was thinking about buying the bike. Is it a good price?
http://sfbay.craigslist.org/sby/bik/3145933405.html

 

[Nightrider]

Looks like a decent ride. I always ask myself, can I build the same bike for the same $ or less? And whats your time worth? The bike isn't exactly rare, but someone put some time into it. It looks cool. If you like it and have the cash, I say go for it. Offer 225, haggle with him, see what happens.