Do Boston condos for sale include parking?
Boston Condos for Sale and Apartments for Rent
Do Boston condos for sale include parking?
- Deeded Parking: This is the most desirable form of parking, where the parking space is real property and is owned by the unit owner, typically with its own separate deed or included in the condo unit’s deed. It can often be sold or rented separately (if allowed by condo rules).
- Assigned Parking/Limited Common Element (LCE): The space is assigned for the unit’s exclusive use, but the space itself is technically owned by the condominium association.
- Leased Parking: The parking is not included in the condo purchase and must be leased from a third party, often in a nearby garage or lot. There is no guarantee this lease will be transferable to a new owner or continue indefinitely.
- No Parking: Many older or historic condo buildings, especially in dense neighborhoods like Beacon Hill or the North End, do not have dedicated parking facilities, and residents must rely on street parking, visitor spots, or public garages
- Location Matters: The importance and availability of parking vary significantly by neighborhood. In dense, historic areas like Beacon Hill, Back Bay, and the North End, off-street parking is a major luxury. In other areas like parts of South Boston or Oak Square, it might be more common or easier to find.
- Cost: Due to the scarcity, a deeded parking space in a prime Boston neighborhood can add a significant amount to the purchase price, often $100,000 and up, with prices reaching as high as $350,000 for a single space.
- HOA Fees: Be aware that parking amenities might incur additional monthly fees, either through the main condo association or a separate parking HOA.
- Resale Value: Condos with parking tend to sell faster and at a higher price than those without, as it is a highly sought-after amenity for a majority of buyers.
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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