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Boston woman pays $560,000 for 2 parking spots

A woman in Boston paid $560,000 for two parking spaces near her home on Thursday, June 13, 2013.

June 14, 2013 12:00:00 AM PDT
There's nothing like landing a great parking spot, but would you pay half a million dollars to park? A woman in Boston did.

Lisa Blumenthal forked over $560,000 for two off-street spaces near her home in the city's Back Bay neighborhood. The parking spaces were auctioned off Thursday by the Internal Revenue Service after they were seized from a man who owed back taxes. Bidding started at $42,000.

The record for a single spot in Boston is $300,000.

For the $560,000 Blumenthal paid, she could have purchased two four-year degrees at Harvard or two Lamborghinis.

Bostonians aren't the only ones paying up for parking. In San Francisco's trendy South Beach area, someone just shelled out $82,000 for a parking spot in a condo building. The real estate agent who sold the space says he sold another spot in the same building for $95,000 a few years ago.

The Associated Press and CNN contributed to this report.