My house is 1895 or so. Old houses have drawbacks, small closets, tiny bedrooms one bath, ect. but they are usually in pretty neat neighborhoods so I think that makes up for it. As far as the heating, plumbing, electrical "systems" those have usually been updated within the last 20 years so it's not much different than your run of the mill 70's ranch home.

The house looks cool. I don't know what the market is like in NJ but that house is 225k all day long in Denver. How busy is the street that it's on though? I know everything has it's price but that is my personal dealbreaker, I hate houses on busy streets.

Make the lowball offer. A buddy of mine did the same. Offered something like 225 on a 275k house. The agent said the offerer was "embarrassing" My buddy said "Fine, let me be embarrassed" Six weeks later the owner called and they did the deal at close to his offer.