$560,000 for 2 Boston parking spaces. Really? What would $560,000 buy in Marblehead?
Two parking spaces – not garages, just spaces – on Commonwealth Avenue in Boston sold this week for $560,000, which had me considering what one could buy for that money in Marblehead.
As it happens one house has just sold for exactly $560,000. Like the Boston sale this one had two parking spaces. Unlike the Boston sale this one also had a 2,600 sq.ft. 4 bedroom Single Family Home.
Hm.
I love Marblehead – you get bonus space with your parking.
Just goes to prove how utterly true the old mantra really is: “Location, location, location”! Well said, Andrew, and real statement on what consumers value most.