I have paid $1000 for pretty much a basket case in SF Bay Area and was really happy to find it. The stuff that is offered for sale here localy for $400-$500 is usually absolute ....well not very nice. If the bike is stock, looks somewhat nice, does not have too much rust, and runs without engine noises, I would think $1500 would be a very good price around here. A clean, original paint, good running bike, with most stuff not needing to be done is worth $2500 to me if I was looking for one.