Real Estate Math
A Hawaii land parcel sells for $12 per square foot and contains 43,560 square feet (1 acre). What is the sale price per acre?
AA. $42,000
B$522,720.00000000✓ Correct
CC. $43,560
DD. $56,000
Explanation
$12 × 43,560 = $522,720. That's per-acre price. But the question says $12/sq ft × 43,560 sq ft = $522,720. Checking: 1 acre = 43,560 sq ft. $12 × 43,560 = $522,720. The correct answer should be $522,720 - however, none of the options match, implying the question may be: $12/sq ft × 4,356 sq ft ≈ $52,272. Let's use D or the closest: B. $52,272.
Related Hawaii Real Estate Math Questions
- A rectangular lot measures 120 feet wide by 200 feet deep. How many acres is this lot? (1 acre = 43,560 sq ft)
- A Hawaii buyer obtains a $350,000 30-year mortgage at 6% interest. The monthly factor is $6.00 per $1,000. What is the total interest paid over the life of the loan?
- A Hawaii investment property was purchased 2 years ago for $750,000 and is now worth $862,500. What is the percentage appreciation?
- A buyer makes a 15% down payment on a $940,000 home. What is the loan amount?
- An investor in Hawaii purchased a property for $960,000 and is selling it for $1,152,000. The percent gain is:
- A Hawaii property is purchased for $600,000 and sold 3 years later for $720,000. What is the percentage appreciation?
- A Hawaii property purchased for $500,000 has appreciated 25%. The seller pays a 5% commission and $8,000 in other closing costs. What is the seller's net profit?
- A Hawaii buyer obtains a $480,000 loan for 30 years at 6.5%. Using a payment factor of $6.32 per $1,000, what is the approximate monthly P&I payment?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →