Solid oak? You can't get that for that price today, so I would say grab it. The older it is the better made it is. Furniture today might be nice to look at but after a few years it's junk. Solid wood furniture is rare today because of the cost.
I would also throw out the mattress and box spring, I could never sleep on something that someone else slept on. You should see me inspect the beds and linens when we sleep in a hotel...and I mean inspect...