Real Estate Math
A property's lot is 75 feet wide and 140 feet deep. What is the lot area in square feet?
A9,500 sq ft
B10,000 sq ft
C10,500 sq ft✓ Correct
D11,000 sq ft
Explanation
Area = 75 × 140 = 10,500 square feet. Remember: 1 acre = 43,560 square feet.
Related Ohio Real Estate Math Questions
- A building is 50 years old with a total economic life of 75 years. Using straight-line depreciation, what percentage of value has been depreciated?
- An Ohio closing occurs on June 15. The annual property tax is $3,600 (paid in arrears). How much does the seller owe in tax proration? (Use 365-day year)
- A property has 150 front feet and 200 feet deep. At $8 per square foot, what is the land value?
- A home sells for $410,000. The listing agent's broker charges a 6% total commission split 50/50 between listing and buying brokers. The listing agent receives 70% of their broker's commission. How much does the listing agent receive?
- An Ohio property appraises at $295,000. After 35% assessment, the millage rate is 62 mills. The semiannual tax bill is:
- An Ohio seller owes $195,000 on their mortgage. The property sells for $285,000. After a 5.5% commission, what are the seller's net proceeds before other closing costs?
- An Ohio homeowner's property tax bill is $4,500 semiannually. If the assessed value is $100,000, what is the mill rate?
- A property has a lot measuring 200 feet by 300 feet. How many acres is this? (1 acre = 43,560 sq ft)
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →