Price per front foot. To find the price per front foot, $800,000 ÷ 598.
Price per front foot. Many commercial areas price properties by the front foot - multiplying the front footage by a dollar amount based on location and market conditions. 50 per square foot. What is its price per front foot? (round to the nearest whole dollar) A. $1,250, 3. 67 per front foot. 5 x 43,560’ = 239,580). He can do this because as the owner of river frontage, he has ________ rights. Answer: $1,335. For example, a property with 100 feet of frontage and a selling price of $25,000 has a cost per front foot of $250. $556 4. Have the same or similar highest A tract of land measuring 165' wide X 350' deep recently sold for $138,600. It is also known as abutting foot. The question doesn’t have this number nor do I know how to aquire that number. $10 C. 67 First, find the square footage (5. Developers usually value land on a basis of price per yard front foot square foot buildable unit Learn how to calculate and use price per square foot to assess a home’s value, understand its limitations and make informed real estate decisions. The dimensions are 45 feet wide, 60 feet deep, and 30 feet high, with a flat roof. $69 (Price ÷ front feet = the price per front foot. 0 (1 review) A property owner is selling a rectangular lot that has 150' of road frontage and is 375' deep. Study with Quizlet and memorize flashcards containing terms like According to the PMI Act of 1998, at what percentage of equity position does private mortgage insurance automatically cancel for homeowners? -20% -21% -22% 25%, A seller received $800,000 for a 5. Study with Quizlet and memorize flashcards containing terms like How large is one square yard?, A 4-bedroom, 4-bath 4,875 square feet house was listed at $445,000. $556 D. Builder B offers to build at $. 75, which is not in the given options. $396 b. 25-acre lot can be calculated by multiplying the length of the lot (150 feet) by the selling price per front foot ($26,500) and then multiplying by the total area of the lot. For example, if a property has a frontage of 50 feet and the front foot rate is $100, then the frontage assessment would be $5,000 (50 feet x $100 per front foot). Jan 7, 2025 · The detailed price square foot and per-front foot calculation highlighted the increasingly complex real estate landscape, ensuring property owners had the capacity for informed decision making. You probably recall that front (or frontage) foot refers to the width of a lot, measured at the front. (the first number is front foot) 1. A. What was the price per front foot? The answer is $1,250. In 2021 both the average and median gapped above the … Read more Jan 16, 2024 · The student's question pertains to calculating the price paid per front foot of a lot that measures 125 ft by 150 ft, having been purchased for a total of $6,468. 67 (First, find the square footage (5. What is its price per front foot? (round to the nearest whole dollar) A tract of land measuring 165' x 350' recently sold for $138,600. This gives you: 150' * $2000 = $300,000. 06 (the gross commission rate) - $20,000 (payment to the procuring cause) x 70% (the split Dec 31, 2004 · I am currently appraising a property on a heavily traveled commercial area street. Sep 16, 2025 · For example, in Canyon Lake, California, single-family lakefront homes are currently listed at around $450 per square foot, compared to roughly $335 per square foot for homes off the water. The Price per Foot Calculator can calculate the price for each foot based on the total length and the total price of the length. What must be the sale price per front foot of the lots sold? A mortgage company agrees to lend an owner of a property an amount equal to 66% of its appraised valuation at an The owner of a block of 14 building lots, each with a frontage of 75 ft and depth of 145 ft, wants to realize $174,600 from the sale. So, the total asking** price for the lot would be** 100 feet × $250/foot = $25,000. The developer later subdivided the lots into five parcels and sold them for $40,000 each. Front footage is the width of a lot dimension and it is the first dimension given. 00 per square foot of living area, $32,000. Our fence cost estimator shows $5 to $16 per linear foot, or about $2,016 to $9,011 for 1 acre. Study with Quizlet and memorize flashcards containing terms like A price per square foot unit of comparison can be derived by dividing a sale price by the number of square feet, Price per acre is an appropriate unit of comparison for agricultural properties, A price per unit derived from one type of agricultural land can be applied to other types of agricultural land and more. The sales price per front foot comes to:, As it is used in appraising, the term "reconciliation" means: and more. Related Calculators: Price Per Piece Calculator: FAQs: Does the calculator handle unit conversions automatically? The property is 400 feet deep. Most lots in the area are from 55 to 65 feet wide; the lot under appraisal is 60 feet. $88,452 2. Therefore, the lot will sell for $28,626. Therefore, the correct answer is option A) $1,250. with a lot premium of $ 1 0 0 per front foot. 34 per front foot. How much money would an individual agent receive for a 60% share of the 10% commission earned? $640 $960 $1,600 $2,400, A provisional broker sells another firm's listing for $150,000. 180 front feet versus a more typical 60-80 feet) iconic properties—homes that have significant owners or histories As with all real estate, location is a critical factor in assessing waterfront value. ) What type of measurement is used with three-dimensional shapes? Jan 15, 2024 · The total front footage is the sum of the width and the depth: 290. Which bid is lower, and by what amount? 1. 2913 acres × $50,000 price per acre = $64,565 sales price ÷ 150 front feet = $430. How many square feet is the property? and more. The price per front foot has two major applications. The correct cost per front foot is $51. If your buyer purchases a lot that is 110 feet x 140 feet for $7,568, what was the price per front foot? (Round to the nearest dollar. How much will the lot sell for at $65 per front foot? The owner insists that the listing price reflect a value of $85. 5-acre rectangular parcel alongside a road frontage. 4 ft (rounded to the nearest decimal). Kyle owns six acres of land with 400 feet of river frontage. A seller received $800,000 for a 5. The property is 400 feet deep. How much interest will the seller owe the buyer for a closing date of August 10 if the outstanding loan balance is $43,580? The interest rate on this assumable loan is 10. Comparable sales indicate that lots are selling at $120 to $150 per front foot. If we take $718 x 102’ = $73,236 If we take $752 x 102’ = $76,704 A range of $73,236 to $76,704 is very tight and an excellent indicator of value. 40,000 square feet x $6. ) What was the price of the lot per front foot ? (B. e. $125,000 sales price ÷ 100 front feet = $1,250 per front foot If the savings and loan gives you a 90% loan on a house valued at $88,500, how much additional cash must you produce as a down payment if you have already paid $4,500 in earnest money? Jun 30, 2014 · $260,000 ÷ 400 = $650 per front foot Calculate the number of acres in a parcel given the cost and price per square foot 1. $363. Finally, we can calculate the total price of the lot by multiplying the front footage by the price per front ft: 440. I always hesitate to compare property that way. 15), A RATE OF $2. Builder A offers to build it for $7. If the bank gave John a 90% loan on a house valued at $88,500, how much additional cash must he produce as a down payment if he already paid $4,500 in earnest money? The answer is $4,350. 67 Oct 11, 2008 · The price was $87,500. The broker will collect an 6% commission on the sale. Dec 15, 2022 · For example, if the land were only 40 feet wide at the same price per front foot, the total selling price would be $8,000, leading to a $800 commission, and the broker would earn $480 from that commission. For example, if a different lot measured 50 feet in width and had a sale price of $75,000, its price per front foot would be calculated as $75,000 divided by 50 feet, resulting in $1,500 per front foot. If the price per square foot of the building is $90, and the cost of a 150' x 500' lot is $100 per front foot, what is the total cost of the project? Olive Excess Price Per Acre Average Lot Average Lot Area Frontage Std Nbhd Depth Avg Nbhd Lot Depth Price Per Front Foot Jul 23, 2025 · Discover pavers price per square foot in 2025, including materials, installation costs, and project-specific pricing for paver patios, driveways, and walkways. SP per Front Footage: $138,600 ÷ 165' = $840 Sep 12, 2023 · The cost of the commercial lot if sold by the front foot is calculated by taking the lot's frontage (150') multiplied by the price per foot ($2000). 95 per square foot. The price for residual land is $3,000 per acre, which is the price I placed on residual land, town wide. Remember that the first number is the frontage or width of the property. $3,500 2 A seller received $800,000 for a 5. not as accurate as price per acre C. 64 D. It helps to keep your math skills Jul 7, 2022 · What is a good price per square foot 2021? New home construction costs $100 to $155 per square foot on average with most homeowners paying $155,000 to $416,250, in addition to the cost of your land. $1,250 2. Question: What was the price per front foot for a 150’ (front) X 125’ lot that sold for $125,000? Group of answer choices 125,000 1,250 833 150,000 The price per front foot for a 100′ × 125′ lot that sold for $125,000 is $1,250. When Skipper moved out of state, she sold her interest to Midge. The neighborhood is about 75% built up. Comparing historical data, analysts found that lakefront homes and non-lakefront homes in this area maintain a similar pricing relationship over time. That being said Jan 14, 2020 · The total sales price of the lot is calculated by first determining the front feet based on the area and depth, resulting in 60 feet. Square foot pricing Sep 6, 2023 · The **cost per front foot **of a lot measuring 125' × 150' purchased for $6,468. Study with Quizlet and memorize flashcards containing terms like What was the price per front foot for a 100' x 125' lot that sold for $125,000. The sales price per front foot comes to: Is properly included as part of the cost approach In valuing an improvement, the interest which a contractor must pay to borrow construction money: Is properly included as part of the cost approach Should not be included in the cost approach, Is an expense to the contractor which should be ignored, Study with Quizlet and memorize flashcards containing terms like A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per front foot. $3,500 C Sep 12, 2025 · Average and median price per square foot held in the $650-800 range for the four years of 2017 to 2020. What was the price per front foot of the property? First, find the square footage (5. Price per square foot by zip code can also be used to find average prices in your local area. He wants to plant a buffer of shrubbery along the riverbank to minimize any erosion of the bank into the river. $396 D. 25 acres to square feet by multiplying by 43,560 (1 acre = 43,560 sq ft). B's bid by $24,000 4. What was the original cost if the property has lost 35% of its value over the past 7 years?, What was the price per front foot for a 100' x 125' lot that sold for $125,000?, If the bank makes a 90% loan on a house valued at $88,500, how much additional cash is required as a down payment Study with Quizlet and memorize flashcards containing terms like A developer purchased three lots that measure 100'x 200' each and cost $500 per front foot. A 100-foot-by-125-foot lot sold for $125,000. We would like to show you a description here but the site won’t allow us. What was the price per front foot of the property? A) $333. It is being sold for $ 1 0 per sq. A property owner is selling a rectangular lot that has 150' of road frontage and is 375' deep. 95 $1,335. Aug 24, 2022 · Calculate the price per square foot of a home based on its price and area with this price per square foot calculator. What was the price per front foot of the property?, A property is 330 feet long by 100 feet wide. Calculate total square feet 2. $556 C. 67 4 What factors does the underwriter consider in reviewing a mortgage loan application Credit, capacity, and collateral What is the price of the property? (a) $262,500 (b) $247,500 (c) $15,000 (d) $150,000 A commercial property measures 1 5 0 ' wide x 1 6 5 ' long. 95 front feet. a physical unit of comparison B. 67 $2,000 $363. $1,000 D. If the owner sells the lot for $50,000 per acre, what would be the sales price per front foot? Study with Quizlet and memorize flashcards containing terms like A 100 foot by 125 foot lot sold for $125,000 what was thee price per Front Foot, If the savings and loan gives you a 90% loan on a house valued at $88,500 how much additional cash must you produce as a down payment if you have already paid $4500 in earnest money?, What would you pay for a building producing $11,250 annual net CHAPTER 24 QUIZ A 100-foot-by-125-foot lot sold for $125,000. $598. The property is 400' deep. For example, let’s say you’re interested in buying a home listed for $300,000. 95 $800,000 / 598. 64 $598. Feb 19, 2024 · To find the selling price per front foot, first calculate the profit and deduct the broker's commission, then divide the total selling price by the front footage. 67 per front foot Study with Quizlet and memorize flashcards containing terms like Price per front foot is A. 5 acres = 239,580 sqft 239,580 / 400 = 598. Of this amount Oct 11, 2024 · Study with Quizlet and memorize flashcards containing terms like 1. This is after Maria's 5% commission. $4,000 C. I typically do square footage however since this is on this high value street I feel FF value would be appropriate. 67 per front Feb 20, 2024 · The price per front foot of the lot is calculated by dividing the total sale price of $125,000 by the total frontage of 100 feet, which results in $1,250 per front foot. To find the sales price per front foot, divide the sales price by the front footage: $125,000 ÷ 100' = $1,250. $0. The following calculation determines the agent's final commission: 250 (front feet) x $3,000 (price per front foot) x . 5%. ) Nov 22, 2023 · To calculate the broker's fee for a vacant lot that sells at a given price, you must first determine the total sale price of the lot and then apply the broker's commission rate to this amount. 5 days ago · Price Per Front Foot: $1,936 Of the four comparables sold comp’s #2 & #3 are most similar with a price per font foot range of $718 – $752. How much will the lot sell for at $65 per front foot? Jan 10, 2020 · parcels with extended front footage—homes that have far more waterfront feet than the norm (i. What was the price per front foot of the property? $1,335. 38 (rounded) per square foot. Calculate eight months' interest on a $5,000 interest-only loan at 9. What was the price per front foot? $10 $556 $1,000 $1,250 WITH REGARD GIVEN TO CURRENT MARKET CONDITIONS AND THE 2024 SQUARE FOOT RATE CONCLUSION FOR THIS TABLE ($2. 4 ft + 150 ft = 440. 475 per cubic foot. Jan 13, 2020 · A seller received $800,000 for a 5. Study with Quizlet and memorize flashcards containing terms like Possible types of Adjustments, Units of Comparison, Price per front foot and more. $10, If the bank makes 90% loan on a house valued at $88,500 how much additional cash is required as a down payment if the buyer has already paid $4,500 in earnest money 1. 95 front feet = $1,335. 95 front feet Finally we divide $800,000 / 598. What was the price per front foot of the property $1,335. Two years later, Ken died. 3 acres. It will be 40' x 40' and consist of two floors. To find the price per front foot when a buyer purchases a lot of 110 feet by 140 feet for $7,568, we first need to define what the ‘front foot’ means in this context. In this video, and during this week we are covering frontage or front feet problems. You’re given one dimension of the rectangle, so find the other: 239,580 ÷ 400 = 598. 67 per front foot The sales price per front foot comes to: (Is properly included as part of the cost approach), Should not be included in the cost approach, Is an expense to the contractor which should be ignored, Is an expense item of the income approach In valuing an improvement, the interest which a contractor must pay to borrow construction money: The sales price per front foot comes to: (Is properly included as part of the cost approach), Should not be included in the cost approach, Is an expense to the contractor which should be ignored, Is an expense item of the income approach In valuing an improvement, the interest which a contractor must pay to borrow construction money: What was the price per front foot of the property? A. The lot is for sale at $250 per front foot. What was the price per front foot of the property Nov 26, 2023 · Sales price per front foot = Total desired revenue / Total frontage of sold lots = $67,500 / 900 feet = $75 per front foot Therefore, the correct answer is (2) 75. What price per square foot did he get for the house?, If a farm that's for sale measures on and three-quarter square miles, how many acres is it? and more. What was the price per square foot? Aug 25, 2023 · A commercial property measures 150 feet wide by 165 feet long. 43 C) $50,000 D) $64,565 B) 150' × 375' = 56,250 square feet ÷ 43,560 = 1. If the bank makes a 90% loan on a house valued at $88,500, how much additional cash is required as a down payment if the buyer has already paid $4,500 in earnest money? A. 95 seller received $ 8 0 0, 0 0 0 for a 5. If the owner sells the lot for $50,000 per acre, what would be the sales price per front foot? Real Estate Math Practice Problems What was the price per front foot for a 100' x 125' lot that sold for $125,000? Jan 3, 2024 · Do not make the mistake of assuming the price per front foot holds up as frontage increases. What was the price per front foot for a 100' × 125' lot that sold for $125,000? A. 00 for the building site, and include a 4% sales commission. It is being sold for $10 per square foot, with a lot premium of $100 per front foot. What was the home's sales price? $215,789 Your clients sold their property for $500,000. The total area of this house is 2,500 square feet. What is the price of the property?. For example: A property with 50 feet of frontage in an area valued at $1,000 per front foot would have a base value of $50,000 just for its frontage. $10 B. Use this price per square foot calculator to work out the cost price per square foot of floor space for purchases, lease prices, and rentals on property. 5 acre rectangular parcel alongside a road frontage. 33 B) $430. Nov 26, 2023 · The sale price of a 1. There is some noise in the data regarding these lakefront sales, and that stems from the persistence of off market transactions and the manner in which lakefront homes tend to transfer. 5 acre rectangular parcel alongside a road frontage. 67$2,000$363. 50 per square foot = $260,000 purchase price. What was the original cost if the property has lost 35% of its value over the past 7 years, What was the price per front foot for a 100' x 125' lot that sold for $125,000, If the bank makes a 90% loan on a house valued at $88,500, how much additional cash is required as a downpayment if Feb 8, 2024 · For instance, if a different lot sold for $400,000 with 800 feet of front footage, the cost per front foot would be calculated as $400,000 divided by 800, resulting in $500 per front foot. What was the price per front foot of the property? But they got 43,560’ from somewhere in the explanation. Under the old method (see the chart on page 2), 284 shoreline feet times a 200 foot depth amounts to 1. First, convert 1. 67 5. $840 840 138,600 / 165 = 840 Jan 13, 2023 · Do not make the mistake of assuming the price per front foot holds up as frontage increases. To find the solution to this, you'll need to perform a couple of different calculations. Jul 18, 2022 · The property's price is calculated by **multiplying **the width of the property (100 feet) by the price per front foot ($250), which gives you a total asking price of $25,000. The price per square foot calculator allows you to more fairly compare different properties with varying prices and amounts of floor space. 5% of the sales price. It is commonly used in real estate to assess the size and value Oct 31, 2022 · In real estate more land is always better for the value of the property. The commission is 6. price per square foot = $300,000 2,500 sq ft = $120/sq ft Thus, the house costs $120 per square foot. You are going to build a building. 95' = $1,335. Front foot assessments are commonly used in commercial real estate transactions to provide transparency and consistency in pricing. Study with Quizlet and memorize flashcards containing terms like The value of a property is $91,000 today. 75. In urban areas, the front foot measurement is an extremely important indicator of property value and property is often evaluated on the basis of cost per front foot. The lot is 150 feet deep. The lot was sold at an approximate price of $163. 5% , and the last payment was paid on August 1. Basic Theory: Front Feet is a straightforward measurement that represents the linear distance of the front boundary of a property, typically parallel to the street. You're given one dimension of the rectangle, so find the other: 239,580 ÷ 400 = 598. To find the price per front foot, $800,000 ÷ 598. What is the developer's percentage of profit?, The net income of a rental property is $15,000 and the overall cap rate is 12%, what is the value of 6 x 43,560' = 261,360 square feet 8. We have an expert-written solution to this problem! Stan and Margo want to redevelop an old industrial site in order to create a microbrewery and event space. The length measurement type can be feet, inches, yards, or miles. What is the price per front foot (round to the nearest whole dollar)? $840 The front footage is the first number given for the lot dimensions. 5 × 43,560 = 239,580). $2,000 b. Normally, the front foot is the first measure shown in a property description. The commission at 8% of the sales price is: a. $84,942 3. $1,500 c. The lot is 100 feet wide, and it is listed at $250 per front foot. What is a good estimate of the price range for this lot? A tract of land measures 1. What was the price per front foot of the property? To find the price per front foot, $800,000 ÷ 598. 95 = $1,335. What was the price per front foot of the property?, Which physical characteristic of land addresses the concept that land isn't interchangeable and one piece of land isn't exactly like another?, Ken, Barbie, and Skipper owned a property as a joint tenancy. This gives you the total area of the lot as 54,450 square Sep 19, 2022 · You're given one dimension of the rectangle, so find the other: 239,580 ÷ 400 = 598. 10 and the price per yard as $21. 40 c. You're given one dimension of the rectangle, so find the other: 239,580 ÷ 400’ = 598. Therefore, to calculate the price per foot, we need the total length, the total price of the length, and the length measurement type. $3,500 B. real estate final exam 3. 41 B. 95 (reduction to determine final sale price) x . Sep 11, 2025 · Enter the total cost and the length in linear feet into the calculator to determine the cost per linear foot. When appraising a property, try to convert the sale price of each comparable property using as many different, and appropriate, units of comparison as possible. You are asked to appraise a vacant building lot. What was the price per front foot? A. The remarkable consistency of entry level lakefront pricing was on display for fifteen years, from circa 2003 through 2018, during which a buyer could have almost always expected to find a lakefront home priced between $900k and $1. Please enter the price, the total length, and the measurement type Price per sq ft What was the price per front foot for a 100' X 125' lot that sold for $125,000? BASIC PRINCIPLES - Chapters 1-13 First Half A vacant lot that measures 100 feet wide by 125 feet deep is listed a a price of $250 per front foot. Research reveals a typical land A property owner is selling a rectangular lot that has 150' of road frontage and is 375' deep. Total square feet ÷ 43,560 = number of acres in parcel E X A M P L E: The lot cost $10 per square foot for a total cost of $250,000. What was the price per front foot of the property?, When negotiating the purchase of a property that's subject to n existing lease, it's critical for your client to clearly understand the lease terms, including Sep 2, 2025 · Price per Meter = Total Price / Length in Meters = 100 / 5 = 20 So, the price per meter is $20. If the owner sells the lot for $50,000 per acre, what would be the sales price per front foot? Study with Quizlet and memorize flashcards containing terms like A seller received $800,000 for a 5. $8,850 and more. A 10% down payment would be $8,850 ($88,500 × 2 days ago · Sometimes when purchasing unimproved waterfront property, a comparison is made between two parcels by comparing the price per foot of water frontage. 87. 15 PER SQUARE FOOT IS ESTIMATED FOR USE FOR THESE PARCELS. What is the price of the property? Residential sites are often valued usingA price per square foot A price per animal unit month A price per room A price per cubic meter price per square foot Price per front foot is a physical unit of comparison not as accurate as price per acre rarely used in residential site analysis an accurate guide to site marketability a physical unit of Observing a lot, assume that the standard depth of the lot is 120 feet and the indicated value per front foot is $205. A's bid by $18,225 3. (A. Answer to: If a buyer purchases a lot 110 feet \times 140 feet for $7,568, what was the price per front foot? By signing up, you'll get Study with Quizlet and memorize flashcards containing terms like If your buyer purchases a lot that is 110 feet x 140 feet for $7,568, what was the price per front foot? (Round to the nearest dollar. A more thorough explanation: Front Foot Front foot is a unit of measurement used to calculate the frontage assessment of a property. We can help you figure out the value of your home with our CalcuLAKEr home value estimator designed to evaluate the worth of lakefront houses specifically. $269 C. Price per front foot is a common measure of comparison when appraising what type of properties?Price per front foot is a common measure of comparison when appraising what type of properties? The price attributed to waterfront in this neighborhood starts at $1,200 per foot and scales downward from there. Cost Per Front Foot Definition Cost per front foot, or more commonly known as price per front foot is the cost or price of a property based on the length of frontage along a beach, body of water, golf course or even just street frontage. The calculator then shows the price per foot as $6. A tract of land measures 1. $2. 63K subscribers Subscribed Dec 4, 2024 · Front footage directly impacts property values. $4,350 D. 5 acres x 43,560 feet² per acre = 239,580 ft² Now we divide the total footage by the number of feet deep = 239,580 ft² / 400 feet deep = 598. Compare properties, assess value, and maximize your ROI. Study with Quizlet and memorize flashcards containing terms like Price per front foot is A) rarely used in residential site analysis B) an accurate guide to site marketability C)not as accurate as price per acre D) a physical unit of comparison, In the subject property's neighborhood, improved properties are selling for prices in a range of $140,000 to $160,000. If the savings and loan gives you a 90% loan on a house valued at $88,500, how much additional cash must you produce as a down payment if you have already paid $4,500 in earnest money? A. ), What is linear measurement?, If a property is 500 feet by 800 feet, what's the front footage? and more. What was the price per front foot of the property? First we must determine the total footage of the property 5. To find the cost of the parcel, first convert the cost per acre into the cost per square foot: $60,000 per acre ÷ 43,560 square feet (square feet per acre) = $1. ) Maria's clients net $205,000 on the sale of their home. Nov 11, 2019 · For example, a property with more front footage may command a higher price per front foot compared to one with less front footage. $2,500 A a. What was the price per front foot?, If the savings and loan gives you a 90% loan on a house valued at $88,500, how much additional cash must you produce as a down payment if you have already paid $4,500 in earnest money?, What would you pay for a building producing $11,250 annual net - 40,000 square feet divided by 400 foot deep = 100 front footage. The property is 400’ deep. What is its price per front foot? (rounded to the nearest whole number) Select one: a. A's bid by $24,000 2. What is cost per square foot? Jul 16, 2025 · Fencing prices range from $1,500 to $3,000 for an average yard. $4,350 B. 95’ = $1,335. Room-Apartment Seat-Theater, restaurant Vehicle-Parking garage There are many different units of comparison. To determine the price per square foot, you can divide the total cost of the house ($300,000) by its total square footage (2,500 sq ft). $90,382 4. A buyer purchased two lots, each 75 feet by 125 feet for a total of $76,000. an accurate guide to site marketability, To estimate its market value, the land under an improved property is best compared to sales of vacant land that A. What was the price per front foot for a 100-foot-by-125-foot lot that sold for $125,000? To calculate the price per front foot of a 100' x 125' property that sold for $125,000, divide the total sale price by the number of front feet, resulting in $1,250 per front foot. I am in a quandary between price per square foot or frontage foot valuation. Costs vary considerably based on location and all your choices in design and interior and exterior finishes. ) What was the price of the lot per squre foot ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. Real estate math is incredibly important not only for the real estate exam but for your real estate career. A one-acre parcel was listed for sale based on a price of $1. Cost/Price per square foot/acre/front foot: When converting measurements to a cost or value per unit, divide the cost/value by the unit of measurement. Anyone know how to help? The answer is $1,335. Sep 14, 2023 · Discover the importance of price per square foot in commercial real estate. 95 per square foot Then, 239,580 ÷ 400' = 598. In order to calculate the cost per front foot, take the sales price and divide it by front footage. 67 per front foot Explanation: First we must determine the total footage of the property = 5. $1,335. Example: A parcel of land contains 180,000 square feet with a road frontage of 800 feet, and recently sold for $80,000. $85,117 Our price per linear foot calculator assists you in determining the cost efficiency of materials or products by their length, calculating the price per linear foot from their total cost, and facilitating comparisons between different options. ft. In this instance 165'. Your commission rate is 5%. You're given one dimension of the rectangle, so find the other: 239,580 ÷ 400' = 598. $125,000 sales price ÷ 100 front feet = $1,250 per front foot. 67 per front foot What was the price per front foot of the property?Unset starred question$1,335. (Round to two decimal places) $250,000 ÷ $10 = 25,000 Study with Quizlet and memorize flashcards containing terms like An appraisal is:, A commercial lot 50 feet wide and 150 feet deep just sold for $70,000 cash. A tract of land measuring 165 wide 350 deep recently sold for $138,600. $2,000 Correct! The sales price is computed by multiplying the front footage of 100 feet by $250. 64$598. $1,250 d. 25 acres. If the lot sells for the full asking price, how much is the broker's fee? Owner B Price per front foot is a common measure of comparison when appraising what type of properties? waterfront and commercial waterfront only commercial and industrial commercial only Study with Quizlet and memorize flashcards containing terms like A 100-foot-by-125-foot lot sold for $125,000. Andreas, the seller, accepted on offer that was 95% of the listing price. $269 d. Lot 5 is 140 feet deep with 60 feet of frontage. $2,000 C. Aug 11, 2019 · Cost per Front Foot - Real Estate Math Kandyce Ellis 3. $14,425 In a calculation where the pricing is per front foot, the first number shown in the property dimension is the front feet. 67 B. $260,000 purchase price divided by 100 front footage = $2,600 per front foot. $1,000 3. 43 per front foot Which of the following statements is FALSE about manufactured homes in North Carolina? A) A modular home has a vehicle identification number. 75 can be calculated by dividing the total cost by the number of front feet. 95 A A. rarely used in residential site analysis D. 4 ft * $65/ft = $28,626 (rounded to the nearest dollar). What was the price per front foot of the property?, Which covenant requires the grantor to execute any necessary legal documents (within his power) necessary to fix title defects discovered after closing? and more. Jun 14, 2023 · Calculating the price per square foot can give you an idea of the home’s value and help you compare it with other homes, even when they have different floor plans and sizes. 25M. B's bid by 1. Linear or front foot-Waterfront site, golf course site, etc. $1,250 B. $1,000, 2. $840 3 A seller received $800,000 for a 5. It is a primary measure of value for waterfront properties and for commercial properties along a major roadway. What was the asking price of the parcel? 1. This is then multiplied by the price per front foot of $350, leading to a total sales price of $21,000. jbtl npcttl nvvv foimqdi hzbus tcjpzk tyj htfam ffnrod mpskj