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$300k for a Back Bay parking spot

It was reported today that a parking space off 48 Comm Ave in the Back Bay sold for a new record $300.000..  The spot was listed for $250k with Debra Sordillo of CBRB but sold for 50 thousand more due to a bidding war.  The funny thing is that only a few blocks away you can get a nice studio or one bedroom for that price.  The parking space isn’t even covered but i suppose that for the undisclosed new owners, “location” is the most important thing, no matter what the price per square foot is.  That after all is the golden rule of real estate, location 3 times..

300kparking-spot

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