$190K off-street parking spot (plus $2k per year taxes & HOA) just dropped in Harvard Square, Cambridge https://redf.in/gdJDOO
That’s a scorching $1300 per month (with 20% down!).
And how much do we charge at the meters again? Or for a residential permit? Or a curb cut for a driveway?
@bikepedantic I'm not too familiar with Boston/Cambridge so I figured I'd run the numbers. At $1300 month and expecting usage 22 days (assuming only used on business days), you'd need to charge roughly $60 for an 8 hour stay, or around $8-10 an hour. It looks like only 30min meters directly nearby costing $1.50 or a surface lot with a 2-hour max for $3/hour. Only a mile away is the Green St Garage, which only costs $19 for 8 hours, or $30 for 24 hours. Municipal is crazy cheap comparatively!
And for the price of four days of parking ($90) you can have unlimited rides on the MBTA with a CharlieCard and/or just ride a bike! (I assume @bikepedantic@transportation.socialalready knows all that as a local, but it was fun to do the research and someone else might like the info)
@bikepedantic Based on how parking is assessed in Cambridge, I'm sure the tax bill will be minimal.
Big open question is, if Matt Foley bought it, would it qualify for the homestead tax rebate?