Though don't forget the upgrades
I picked up a [starts with a P, got stole n stickers scrapped off then got it back ] long time ago for $300, got a super light aluminum frame, high end shimano derailers and trigger gear changers. Full suspension, Was like a mid range bike marked down from $500 on sale.
But what finished it off and made it hell on wheels were some longer shimano deore lx hollow cranks and a shimano mega range cassette.
edit: found the only pic of it pre stolen, can't see the name, grrrr.