Cheapest Marina home Closes Escrow

by sfishome on February 26, 2010

On January 10th we described 1456 Chestnut as being the “cheapest Single Family home in the Marina” since 1999. Asking only $709,000 it had what appeared to be severe foundation problems. Well, it Closed escrow 3 weeks ago (slipped through the cracks my tipsters) for $870,000. Not surprisingly the financing terms say “cash”. At that price it makes it the cheapest since, well, 1999 and 2000. There was 2002 sale on Lombard at $850,000, but that’s hardly a comparable location.

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