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Boston woman pays $560,000 for 2 parking spots

By Associated Press

LAST UPDATED: 02:55 p.m. HST, Jun 14, 2013

BOSTON » Parking is such a precious commodity in Boston that one woman was willing to pay $560,000 for two off-street spaces near her home.

Lisa Blumenthal won the spots in the city's Back Bay neighborhood during an on-site auction Thursday held in a steady rain by the Internal Revenue Service. The IRS had seized the spots from a man who owed back taxes.

Blumenthal, who lives in a multimillion-dollar home near the parking spaces, tells The Boston Globe she didn't expect the bidding to go quite so high for the spots she says will come in handy for guests and workers.

The record for a single spot in Boston is $300,000.

The median price of a single-family home in Massachusetts is $313,000.

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livinginhawaii wrote:
With all the condos set to be built in Kakaako the same thing will happen here. Mark my words.
on June 14,2013 | 07:07AM
busterb wrote:
Then you should start buying now huh?
on June 14,2013 | 07:35AM
loquaciousone wrote:
If she had bought the house next door she would have a parking space and a house for less. Did she leave her brains at the door?
on June 14,2013 | 08:53AM
EducatedLocalBoy wrote:
Dear Lippy (Local Hawaii slang for Loquaciousone) as with many talkative people, you have commented without thinking. The article said that the lady who bid on the spaces lives in a multimillion dollar house in Back Bay, a posh half business district neighborhood in Boston. It would stand to reason that her next door neighbor's house is also a multimillion dollar house, not a house whose price is the average price is $313,000. Thus this lady did not "leave her brains at the door" as you have postulated. Indeed, it has been my experience that most people who live in multimillion dollar homes are very astute financially, that's how they have the money to live in a multimillion dollar home.
on June 14,2013 | 03:10PM
Mahalo wrote:
WOW! Thats all I can say
on June 14,2013 | 09:12AM
Anonymous wrote:
Cheaper to just buy another house, demolish it and turn it into a parking lot. You'd think with a multi million dollar home shed have plenty of parking at her home.
on June 14,2013 | 09:37AM
Anonymous wrote:
Those areas have a lot of historical buildings. You can't just tear down a structure like that.
on June 14,2013 | 11:18AM
dyw001 wrote:
It's his money and he can well afford it. Leave him alone!
on June 14,2013 | 11:25AM
loquaciousone wrote:
I suppose so. Lisa is a good man's name.
on June 14,2013 | 12:49PM
soljaboy2013 wrote:
Yah thats dumb...just offer to buy a neighbors house for half million....parking included
on June 14,2013 | 11:45AM
loquaciousone wrote:
Lisa is a good man's name.
on June 14,2013 | 12:49PM
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