Parking space sells for $300,000 in Boston

BOSTON, June 11 (UPI) -- Boston real estate officials said an anonymous buyer set a city record by paying $300,000 for a private parking space.

Listing Information Network, which tracks the real estate market in Boston, said the price tag makes the spot, located in the upscale Back Bay neighborhood, the most expensive to be sold in the city, The Boston Globe reported Thursday.

Debra Sordillo, the Coldwell sales agent who handled the parking spot account, said the original asking price of $250,000 was driven up by a bidding war that brought it to the record-breaking $300,000 total.

Sordillo said the sale is an indication of the difficulty people have parking near the city's Public Garden.

"There's only so many parking spaces in the city," Sordillo said. "And in this part, there's very few."