The bigger question is if the house still has lead paint does it have insulation, energy efficient windows, an efficient heating/cooling system, and other electrical items that eat energy. Consider that an old furnace if replaced can pay for itself in under 10 years when replaced with a new energy efficient one. And insulation can cut heating bills in half.
If lead paint is a worry find out how much it would cost to remove. Then once you know that make an offer if you are still interested KNOWING that cost will be added to your offer.
Michael, if there is anything I can help you with please don't hesitate to call. My wife and I are both full time Realtors in Fort Wayne and would love to work with you. Thanks and have a great day!
Please, let me know if I can help with anything else.