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Boston Woman Drops $560K To Quiet Insatiable Appetite For Parking Spaces

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The woman with three parking spots around the corner simply wanted the tandem spots more than the guy with the two next to them.

“This is just amazing,” said Ken Tutunjian of Coldwell Banker Residential Brokerage, declaring the price a new parking space high. “God bless America.”

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….

“I was worried you were giving me a run for it,” said the winner, Lisa Blumenthal, who lives in a single-family home with three parking spots on Commonwealth Avenue valued at more than $5.8 million, according Cabot & Co.

“I really wanted them, but there was a limit,” said the man, who declined to give his name but said he owned the tandem spots beside the ones up for auction.

Blumenthal said the auction was a unique opportunity to get more parking places for guests and workers, although she admitted she didn’t expect the bidding to go so high.

Back Bay parking spaces sell for $560,000 [Boston Globe]


By Dong L. Zou ( [Public domain], via Wikimedia Commons

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