1974 Schwinn Continental road bike. The bike has new tires, new stainless steel cables, new cable housing, new brake pads, and new internal ball bearings. It shifts gears, brakes, and rides very smooth.
The bike has a 26" frame as measured from the crank bolt to the top of the seat tube. The standover height of the top tube is 35 1/4". For a correct fit you need to be able to straddle the top tube while flat-footed. Measure your crotch height while wearing shoes and compare w/ standover height measurement. Typically a rider 6'3 and taller should fit, but leg length is always more important than head-height.
The bike was completely disassembled. The components and the drivetrain were removed, deep-cleaned, and adjusted. The fork was removed and the headset bearings were replaced, greased, and the headset was adjusted. The wheelhub bearings were all replaced, greased and adjusted. The internal cups and cones where all these bearings travel were all deep-cleaned to provide the cleanest and smoothest surface possible. The wheels were trued, the rims and spokes were individually cleaned. The bottom bracket was rebuilt with new ball bearings and fresh grease. The frame was cleaned and polished. The brake calipers and levers, shifters, derailleurs, freewheel, cranks, chainrings, and drivetrain were all disassembled and rebuilt. There's not a nut or bolt on the bike I haven't touched.
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Old grease, combined with dirt, will harden and damage the operation of the bearings. This will cause internal damage, and can make your bike dangerous(especially with the headset bearings which allow you to steer). If you're looking to buy any used bike, find out when the last time the bearings were overhauled (not a "tune-up"). If it has not been done in 5 yrs, I strongly recommend having it done.