Appraisal Management News

Behold a $100,000 parking space in Washington, D.C.

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Yahoo! News

Washington is in the top 10 most expensive cities for parking, according to an annual study by Colliers International, but Curbed found a few mind-blowing prices for parking spaces that could easily surpass those at the top of the list (New York, Boston and San Francisco). We found a few hiding out on Zillow, including one for a full six figures at the building pictured at right as well as a few in the $50,000 range.

When we called to confirm that these weren’t typos, Zillow said that they were indeed parking spaces but that they would be removing the listings because they don’t allow them on their site. A closer inspection of the descriptions shows how the owners sneak these things on to Zillow in the first place. We took screen shots of the ones we found, all $50,000 or above.

Here is the $100,000 space, but note that the description describes it as a condo home. The size of the "home" is listed at only 74 square feet. Zillow confirmed to Curbed that it is a parking space and not a residence. Here’s the original link where we found the listing, but Zillow has removed it. Click the posting to enlarge.

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Written by appraisalmanagementnews

July 18, 2011 at 6:03 pm

Posted in Mortgage News

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