Is a 2004 Specialized Sirrus a good deal for $150???

my friend is selling a 2004 Specialized Sirrus for $150. the Bicycle is in great great shape. size is XL. red "shimano" parts like the whole breake system and some aditionla parts i dont know the names of.. i want to make sure i get a good deal on it.. i mean i got fit for an XL and i like the bike. my question is, is this bike worth $150 ..?.. what would be a good estimate on value of this bike?

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