At first glance, this six-bedroom former schoolhouse in Maine appears to be an absolute steal.

Priced at $275,000, the spacious property costs about half of a typical home in the US.

But behind its quaint exterior lies a serious renovation project.

The 6,244 sq ft building formerly housed both an elementary school and a high school for Stockton Springs, a small town on the coast of Maine, about 55 miles northeast of Augusta.

It was converted into office space for local businesses after a more modern school was built down the road and more recently was repurposed into a summer home by a family who bought the property in 2002.

Today, the historic building boasts five bathrooms and charming original features, including a bell tower.

While some of the property has already been renovated into livable space, other parts still need work and feel more like a school than a home.

Listing agent Keirsten Wyman of RE/MAX Jaret & Cohn told the Bangor Daily News: 'It was never built to be a home, so there are a lot of renovations that would need to happen to make it one.

A 6,244 sq ft former schoolhouse that boasts six bedrooms and five bathrooms and was built in 1853 is on sale for a modest $275,000

Parts of the building still need work and feel more like a school than a home, such as this hallway with scratched-up red floors and walls in need of a paint job

This room in the building also has undesirable flooring painted blue, with large chunks chipping off

Other parts of the property, such as this bedroom, have a more modern feel and desirable hardwood floors

The bathrooms are also clean and contain all necessary amenities

'It has its challenges, but the potential is amazing if someone has the heart. It could really be something special.'

Pictures of the interior show modern-looking bedrooms and large living spaces with hardwood floors and plenty of natural light, as well as clean bathrooms with all the necessary amenities.

But the pictures also show parts of the property with less desirable, scratched-up flooring of different kinds, such as one with blue paint chipping off in large chunks. 

A picture of one of the hallways shows a red floor with large streaks and walls in dire need of a paint job. 

The additional renovations that would be required are likely the reason why the home has languished on Zillow for 116 days.

But bargain hunters could be in luck as the property had its price cut by $95,000 in mid-October.

According to Zillow, the average time it takes to sell a house in the US is 47 to 62 days.