It is very hard to say what it is worth.

It looks great and obviously has a lot of work done on the paint and metal polishing and includes a carb update - but an engine with a knock is a deal killer for a lot of folks.

With the source of the knock not being known, and the fact that the engine has been apart and worked on previously - it makes potential buyers nervous about what went wrong inside the engine.  With lots of new parts that includes bearings - the engine should have run a very long time.........something inside the engine likely was not assembled correctly.

Folks who would likely be interested in this bike are likely looking for a bargain - a price that they would feel is appropriate for a project bike that needs engine work.  The knock could be something minor like a loose flywheel nut - or more serious like the crankshaft pin that drives the balancer wheel (caused by a fractured cam drive gear when somebody overtightened the left hand thread nut).

I believe the bike would sell much easier and at a higher price if you got the engine repaired.
 

ThumperPaul wrote on Today at 11:52:20:


The motorcycle market here is full of used bikes for sale, and the prices are down.  The local Craigslist had 246 used motorcycles listed for sale.......most of them are on the site for weeks/months and aren't selling.

A few months ago I had a person call me about the 2002 that I had worked on for them.  It had not run in 2 years and they had lost interest.  The bike was in pretty good shape and ran well when I last sent it back home after a carb clean, tuneup and new tires/tubes.  I hooked them up with Stewmills and he bought the bike for $240.  It needed a fuel tank and carb clean to get it running, and a bit of polish to make it look good.  The tires were Shinko Tourmasters I had put on 2 years ago and they had very few miles on them.

Recently I sold another 2002 that was a customers bike.  It had a windshield, saddlebags and looked great as you can see in the attached photo.  It had 5,236 miles on it and had less than 1,000 miles on the tires.  It sold for $1,800 - the bike needed nothing and was ready to ride anywhere.  When I listed it on Craigslist it took several months for the "right" buyer to come along....his previous bike was a Honda Rebel 250 and he was thrilled with the torque of the Savage!

Thanks for the replies, I know the used bike market is flat, I've sold another project Honda for peanuts.  Strange thing about the knock is the thing ran great for years.  I added the Mikuni carb and it ran better. Then, after a couple of months, the light knock developed. It sat for a couple of years and I would start it and let it run for a few minutes every couple months. I recently replaced the battery and heard the knocking sound. If I had to guess, (which is all I can do without a teardown) I suspect the counterbalance gear.  I really don't have the time or interest in taking it apart, so I most likely will part it out for whatever I can get. Being that is is a 4-speed doesn't help its value either i suspect.
BTW, its a clean title on non op.