Home Buying in Belmont>Question Details

Pilotx, Home Buyer in Belmont, MA

How much is a parking space in Belmont, MA worth?

Asked by Pilotx, Belmont, MA Tue Jun 30, 2009

My thinking is that it's not worth as much as Cambridge but probably still worth quite a bit.

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Scott A. Nelson’s answer
Alot would depend on anothers need & it's location and ability to fullfill that need. Why would a person need your spot X where it is when spot Y may be free? Unless parking is at a premium where the spot is located it would be tough to assign value. Just like how in Boston a few weeks back someone was willing to pay $300k for a parking spot in downtown Boston. There's alot that goes into the value that would need to be assessd. You should check with a local expert to get a more specific opinion of value.
0 votes Thank Flag Link Tue Jun 30, 2009
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