You Won't Believe How Much This Tiny Brooklyn Home Is Listed For!

It's certainly a fixer-upper. Crammed into an alley between two larger buildings, this former tool shed has the basic amenities of a home — gas, hot water, heat, and indoor plumbing. It's even got a small yard, a long driveway, a garden shed, and a partially finished basement. But at 312 square feet, it's one-eighth the size of the average home built in the last few years. However, it's in Brooklyn, and in housing markets, it's all about location, location, location.

How much is this 12- by 26-foot home listed for on Trulia?

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"Only $499,000," the listing says.

For the price of a small mansion in many parts of America, you too could own this hot-housing-market, 1925-built gem in a neighborhood that reports just a handful of robberies, assaults, and shootings a day within a several-block radius.

Any takers?