David Saks: February 2015

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3955

math

A lot 65 feet wide and 150 feet deep sold for $76,700.


What was the price of the lot per front foot ?

Take your time. The solution is below the wildlife photo.

wildlife

A. $1180 per front foot


This is really pretty simple and shouldn't consume too much of your time.

And you won't have to stretch your neck out too far to get this one either :-)


Divide $76,700 by 65 feet.
$1180 per front foot.




David Saks



Time&Temp Memphis

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Comment balloon 10 commentsDavid Saks • February 16 2015 10:21AM
Real Estate Practice : Lesson 3955
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A lot 65 feet wide and 150 feet deep sold for $76, 700. What was the price of the lot per front foot Take your time. The solution is below the wildlife photo. A. $1180 per front foot This is really pretty… more
Real Estate Practice : Lesson 3954
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The commission rate has been established for selling an apartment house and was set at five percent of the first 150 thousand dollars, and three percent of the next 200 thousand dollars. The commission rate on the balance was 1. 5… more
Real Estate Practice : Lesson 3952
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An apartment building has a gross income of $11, 340 per month and annual expenses of $25, 000. What is the price a buyer would pay for the building to receive a net return of 8% on his investment Please take your time. The solution is posted… more
Real Estate Practice : Lesson 3951
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What would be the depth of a rectangular lot containing 1080 square yards with a frontage of 90 feet Take your time. The answer is posted below the wildlife photo. A. 108 square yards First find out how many square… more
Real Estate Practice : Lesson 3950
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A seller wants to trade his residence at a price of $157, 500 subject to a mortgage with a balance of $62, 400 for a multi-family housing unit with a price of $623, 500 with a mortgage of $366, 750. What's the amount of the total cash… more
Real Estate Practice : Lesson 3949
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The selling price of a home was $930, 000. The broker agreed to a commission of 5%. Other charges applied from escrow amounted to $9500. How much money did the seller receive at closing Remember to take your time. The solution is posted… more
Real Estate Practice : Lesson 3948
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If the interest rate is 4. 5% and the monthly interest payment is $212. 50, what is the principal sum due Please take your time. The solution is posted below the wildlife photo. A. $56, 666. 66 Easy Multiply $212. 50… more
Real Estate Practice : Lesson 3947
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A man bought two 60 foot lots for thirty thousand dollars each and decided to divide them into three lots consisting of equal frontage. He sold each lot for $24, 000. What the percentage of his gross profit Please take your time. The… more
Real Estate Practice : Lesson 3946
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What is the interest on $80, 000 at 4. 5 % per annum for nine months and fifteen days using a bankers calendar (360 days)? Please take your time. The solution is posted below the wildlife photo. A. $2850 Let's multiply… more
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