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The Margin: Couple buys posh San Francisco street from right under homeowners’ feet

Imagine waking up one morning and finding out someone has bought your private street, and might start charging you for the luxury of parking in front of your house.

That’s the situation a group of homeowners in San Francisco are facing, after a Silicon Valley couple bought a private street in a gated community lined with multimillion-dollar homes for $90,100 at a city auction after the local homeowners’ association failed to pay $994 in back taxes and fees, the San Francisco Chronicle reported Monday.

The deal includes the block-long, circular Presidio Terrace, as well as sidewalks, a central island and a number of palm trees.

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