70's era Men's Schwinn Continental- Blue

What happened

Bike was left for a few minutes in courtyard. The lock on the courtyard gate must not have latched automatically like it usually does and someone came in and either rode the bike out with a flat, or rolled it away. This was in the afternoon. Bike is scratched up with a broken rear derailleur cable. I am posting this for my neighbor- he said it was his fault, but I still think whoever took it is a jerk. Will be checking a local "we pay cash for bikes" place nearby. Have a feeling the bike also may have been taken for scrap, although the courtyard is thoroughly fenced in and the bike wasn't too close to the iron gate.

Bike details

Type

Road Bike

Color

Blue

Size

20" or 21" (medium)

Condition

1970's Men's Blue Scwhinn Continental. 27" wheels with gumwall tires, drop bars with black bar tape, black seat, broken rear derailluer cable, scratched up, a bit rusty, does not shift. Front tire is flat. Bike looks pretty beat up, but still ride able.

Serial #

Unknown

Theft circumstances

Date

May 15, 2012

Lock type

No Lock

Locked to

Bike not locked.

How locked

Other situation, please describe below.

How defeated

Not locked.

Duration

Less than 20 minutes

Area

Porch or yard.

Police report #

N/A