yes i agree,
if it has a title it is worth abit more, and also with out a pic it is really hard to say.
but i would have to say if it is your first bike??? or your looking to have it going and on the road for the next couple of months. then i would say don't buy a parts bike, spend alittle more if you have to and get some thing you can get moving with out any major repairs, then you can have the means later to get working on some mods if you so choose to.
any way, it is your money, and if you feel you need to buy this bike, and love the look, etc...... then do it and don't look back, with out the regret of buying it. when i bought my three, i did that and when i dropped money back into them it did not bug me because i knew that going in to buying them. you know what i am saying??
again with out pics it is hard to say, but if it is in good condition and dos'nt seem like to much work to put in. i would say less than 600$ and more than 450$. some where in there, try and get it for the least for sure.
good luck,
cheers