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I’m selling a parking space for $50,000

A REALTOR is selling an exclusive parking spot in Seattle for a hefty price tag.

The 128 square foot space inside Seattle’s Capitol Hill neighborhood will cost you around $50,000.

A parking space in Seattle is on sale for $50,000

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A parking space in Seattle is on sale for $50,000Credit: Northwest MLS / Jimmy Chuang

“It’s a serious list,” said Jimmy Chuang, the man behind the expensive list. “I don’t think it’s a common thing. This is actually my first time seeing it. ”

If you want a “once-in-a-lifetime opportunity” to own a parking space, Chuang says you don’t even have to live in the building.

“I get a lot of calls and emails to verify exactly what the situation is as it is quite rare to have a parking space in an apartment building for sale that is not attached to an apartment,” he said. .

Parking is described as “ample” on the list and located in “a secure garage.”

“Don’t live in the building? Great investment for extra city parking or rental comfort. Can not be ignored. ”

In Seattle, there’s a growing seller market, with the median home sale price hitting more than $1 million just last week in Seattle. King County.

Zach McDonald, from Real Property Associates, said: “The east side of Lake Washington and the highlands was the hottest place to buy and is actually still here in King County.

According to McDonald’s, it’s not uncommon to see 20 or 30 offers on a home that often sells for more than the asking price.

“There are not enough homes for all the buyers and there are twenty to thirty buyers for every home,” he said. “So when we think about basic supply and demand, I think that’s an important part of it.”

As for Chuang, he doesn’t think this will be a trend that will start any time soon.

“The opportunity for someone to have an apartment parking that is not attached to the apartment I think is very rare so I don’t think we will see this happen in the future,” he said.

You don't have to live in a building to buy a space, says Jimmy Chuang, who is selling the space.

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You don’t have to live in a building to buy a space, says Jimmy Chuang, who is selling the space.Credit: Northwest MLS / Jimmy Chuang

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DevanCole

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