Boston woman pays $560,000 for 2 parking spots

By AFP
June 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...

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 http://b.globe.com/13KqntI ) 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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