Walmart offers the Novogratz Vintage Tufted Velvet Split Back Sofa Futon in several colors (Green pictured) for $255 with free shipping. That's $10 under our mention from two weeks ago, $94 off list, and the lowest price we've seen. It measures 81.5" x 33.5" x 34.5".
Frugal isn't smart if you put off replacing these things. Waiting too long can cost money or even endanger your health.