Podcast
Questions and Answers
What is 5,280 feet?
What is 5,280 feet?
- Mile (correct)
- Yard
- Hectare
- Acre
What is 43,560 square feet?
What is 43,560 square feet?
- Square foot
- Square mile
- Acre (correct)
- Yard
What is 144 square inches?
What is 144 square inches?
A square foot
What is three feet?
What is three feet?
What is 640 acres?
What is 640 acres?
How is price per square foot calculated?
How is price per square foot calculated?
What is an acre in square feet?
What is an acre in square feet?
What is a hectare?
What is a hectare?
What is the front foot measurement?
What is the front foot measurement?
Calculating area is (0.5 x base) x height, what shape does this formula represent?
Calculating area is (0.5 x base) x height, what shape does this formula represent?
How do you calculate the area of a square?
How do you calculate the area of a square?
How do you calculate the area of a rectangle?
How do you calculate the area of a rectangle?
If a property measures 1,500 square feet, at $200 per square foot, what would be the listing price?
If a property measures 1,500 square feet, at $200 per square foot, what would be the listing price?
How many acres are in a quarter section in a rectangular survey?
How many acres are in a quarter section in a rectangular survey?
How much did Gabi receive per acre for her land?
How much did Gabi receive per acre for her land?
How many acres will remain unbuilt after building a 5,000-square-foot home on two acres?
How many acres will remain unbuilt after building a 5,000-square-foot home on two acres?
What total street frontage will your client have if he buys three adjacent lots?
What total street frontage will your client have if he buys three adjacent lots?
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Study Notes
Land Measurements
- A mile equals 5,280 feet.
- An acre comprises 43,560 square feet.
- A square foot is equivalent to 144 square inches.
- A yard measures three feet.
- A square mile consists of 640 acres.
Pricing and Area Calculations
- Price per square foot is calculated by dividing the property's sale price by its area in square feet.
- For example, an 800-square-foot property selling for $75,000 equates to $93.75 per square foot.
- An acre contains 43,560 square feet; to find what fraction of an acre a specific area represents, divide by 43,560.
- A hectare is 10,000 square meters, approximately converting to 2.47 acres in U.S. measures.
Front Foot Measurement
- The "front foot" refers to the portion of property abutting a street or waterway.
- Measure the width of the property along this boundary to determine the front-foot measurement.
Area Calculation Formulas
- The area of a triangle is calculated using the formula: (0.5 x base) x height.
- The area of a square is equal to the length of a side multiplied by itself.
- The area of a rectangle is determined by multiplying its length by its width.
Property Values and Comparisons
- To list a property at the market rate of $200 per square foot, a 1,500-square-foot home could be priced at $300,000.
- A quarter section in a rectangular survey equals 160 acres.
Combining Parcels
- A square mile includes 640 acres; another parcel measuring 1 mile by 0.5 miles adds 320 acres, totaling 960 acres when combined.
- If sold for $2.5 million, the price received per acre equals approximately $2,604.17.
Flooring Calculation
- To estimate flooring costs, first calculate total area of rooms: hallway (108 sq.ft.), kitchen (600 sq.ft.), living room (1,125 sq.ft.), two bedrooms (384 sq.ft.), and master bedroom (280 sq.ft.) gives a total of 2,497 sq.ft.
- The cost per square foot for flooring and installation together is $6.97, leading to an estimated total flooring cost of $17,404.09.
Remaining Land After Construction
- A two-acre parcel equals 87,120 square feet. After building a 5,000-square-foot home, approximately 1.89 acres remain unbuilt.
Total Street Frontage
- Total frontage for three adjacent lots, with a combined area of 122,650 square feet and depth of 275 feet is calculated to be 446 feet.
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