I picked one up in similar shape (cosmetic & mechanical) for $50. Not a whole lot of good without the title. Getting a title, or another titled frame will likely run you about $300-$350 unless you can track down the registered owner. I bought a complete titled bike for $350 and used the untitled one for spares and rebuilt the engine. Good little bike though, and easy to find parts for. Would be great for a parts bike. Unfortunately I don't have enough room for anything else right now with the BBQ and snowblower in the garage.....