A nearly 140-year-old home that was once a hideout for famous American outlaw "Billy the Kid" has been renovated into a sprawling New Mexico abode on sale for the bargain price of $545,000.

The cozy home sits in the historic Old West town of Lincoln, New Mexico, where a group of bandits fought in what became known as the Lincoln County War from 1878 to 1881, according to Yahoo! Homes.

The house, purchased by Dee and Greg Miller in 1981, is one of only three on Billy the Kid Trail in the Lincoln Historic Site that are not owned by the local of federal government.  

"I'd love to have somebody buy it who appreciates the historic value," Dee Miller said of the 4,000-square foot home built in 1878. "It's a wonderful house and it's been around for a long time. It certainly does have an interesting history."

Legend has it Billy, whose real name is still disputed, hid inside a flour barrel in the kitchen and then under a bed to evade Lincoln Sheriff Pat Garrett and soldiers from Fort Stanton who came looking for him, the owners told Yahoo! Homes. The sheriff eventually killed the 21-year-old suspected mass-murderer, accused of killing 27 people, during a surprise attack at a ranch in 1881.

Billy was part of a group of ranch hands called the Regulators. They fought against businessman Lawrence Murphy, the alleged instigator of the war, for economic control over the area after Murphy's men killed their boss John Tunstall, according to Yahoo! News.

Tunstall's dry goods store, the Tunstall-McSween Store, still stands in the area.