Cheapest Marina home Closes Escrow

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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