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Boston woman pays $560,000 for two parking spots | Boston woman pays $560,000 for two parking spots |
(35 minutes later) | |
Two adjacent parking spots in the US city of Boston have been auctioned for $560,000 (£357,000), almost double the average price of a home in the region. | |
Bidding for the patch of asphalt began at $42,000 during an onsite auction in the city's upmarket Back Bay area. | |
They were sold by the Internal Revenue Service, which had seized them from their original owner over a tax debt. | They were sold by the Internal Revenue Service, which had seized them from their original owner over a tax debt. |
Lisa Blumenthal, who lives in a multi-million dollar home nearby with three existing parking spots, was the buyer. | Lisa Blumenthal, who lives in a multi-million dollar home nearby with three existing parking spots, was the buyer. |
She told the Boston Globe the spaces would be useful for guests and workers. | She told the Boston Globe the spaces would be useful for guests and workers. |
The record price for a single parking spot in Boston is $300,000, also in Back Bay. | The record price for a single parking spot in Boston is $300,000, also in Back Bay. |
The average price of a single-family home in Massachusetts is $313,000. | The average price of a single-family home in Massachusetts is $313,000. |
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