Welcome to Tiny Homes, an idea that is more popular with minimalists than with neighborhood associations and zoning boards. We'll point out the fun parts. You'll have to check out the logistics and legalities - but this one's been around since 1948, so at least that is taken care of.
If you hear about a tiny Crown Hill craftsman, you can be forgiven for thinking about someone ideally suited to work in crawlspaces, but in this case it is a 2 bedroom and 1 bath house. Some may think such a tiny is unremarkable, but consider what living in 750 square feet means. You can remark to your friends about almost every chore being far simpler and shorter than in a typical American house: one-third the time to vacuum, one-third the space to heat, one-third the number of places to look for your car keys. You might, however, have just as many appliances to replace, because some of these seem historic; the grass in the 4,680 square foot lot won't grow at one-third the speed; and the mortgage payment will probably about the same as any other house going for $295,000. As for making this house your home, well, that is a matter of style and how much money and effort you want to put into bringing it forward a few decades.