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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 sold at auction for $560,000 (£357,000), almost double the average price of a home in the region. 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 on-site auction in the city's upmarket Back Bay area. 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.