Looking to buy a parking spot in a famed Boston neighborhood? It's going to cost you. According to the
Boston Globe, Lisa Blumenthal just won an auction that saw two parking spots sell for a shocking $560,000.
According to the article, the spots behind 298 Commonwealth Ave. are in a neighborhood that already is home to the city's most expensive parking spots. A space at 48 Commonwealth Ave. set the record for a single spot at $300,000 in 2009. Two tandem spots a block from the Public Garden on Commonwealth Avenue sold for $200,000 last summer, and a spot on Marlborough Street went for $250,000 in December, according to the real estate firm Cabot & Co.
The rare opportunity to own a primo Back Bay parking spot came courtesy of the Internal Revenue Service, which seized the spaces from a man who owed nearly $600,000 in back taxes. He bought the spaces for $50,000 in 1993.
My guess is that Blumenthal isn't too worried about the price of gasoline, especially given that $560,000 could buy her nearly 158,000 gallons of gasoline at today's average price in Boston of $3.55/gal.