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Tandem Parking Spaces In Downtown Boston Sell For $560,000
Sold for $560,000: Rarely available tandem parking spots in Back Bay. Sweeping alley views in exclusive neighborhood, just steps from high-end Newbury Street shops. Amenities include fully lined asphalt spaces, stains included. Second space ideal for growing one-car family.
In the end, it came down to a bidding war between two neighbors, who took the price of two parking spots behind 298 Commonwealth Ave. from $42,000 to more than half a million dollars -- nearly double the $313,000 median sales price for a single family home in Massachusetts -- in less than 15 minutes.
The neighborhood is home to the most valuable parking spots in the city. A space behind 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 single spot on Marlborough Street went for $250,000 in December.
http://www.boston.com/businessupdates/2013/06/13/tandem-parking-spots-sell-for/tsdqLBPRmQFEojy2US5vXO/story.html
In the end, it came down to a bidding war between two neighbors, who took the price of two parking spots behind 298 Commonwealth Ave. from $42,000 to more than half a million dollars -- nearly double the $313,000 median sales price for a single family home in Massachusetts -- in less than 15 minutes.
The neighborhood is home to the most valuable parking spots in the city. A space behind 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 single spot on Marlborough Street went for $250,000 in December.
http://www.boston.com/businessupdates/2013/06/13/tandem-parking-spots-sell-for/tsdqLBPRmQFEojy2US5vXO/story.html
