That bike looks great! You got a great deal. I sold my 2004 Trek 1000, with 4,000 miles and peeling decals for $350!

The pedals... get ones without the straps... or bite the bullet and get clipless.

I tested my Trek 1000 with those pedals. I fell in the parking lot because I couldn't get free from the straps. I left the shop with clipless pedals... never looked back.