Real Estate MathAreaEASY
Jane learns that a lakefront property sold for $700,000 with 400 feet of lake frontage. About how much per front foot?
Correct Answer
B) $1,750 per front foot
Price per front foot = $700,000 ÷ 400 = $1,750
Answer Options
A
$1,500 per front footB
$1,750 per front footC
$2,500 per front footD
$2,750 per front footAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
property-valuation-methodsspecialty-property-evaluationreal-estate-mathematics
Key Terms:
price per front footfront foot valuationwaterfront propertyreal estate mathproperty appraisal
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