Real Estate Math
A South Carolina property is 100 feet wide by 150 feet deep. The building covers 30% of the lot area. What is the building's footprint in square feet?
A4,500 sq ft✓ Correct
B450 sq ft
C15,000 sq ft
D3,000 sq ft
Explanation
Lot area = 100 × 150 = 15,000 sq ft. Building footprint = 15,000 × 30% = 4,500 sq ft. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 4,500 sq ft.. This is a common calculation on the South Carolina real estate exam.
Related South Carolina Real Estate Math Questions
- What is the total cost of 6 discount points on a $300,000 South Carolina mortgage?
- A South Carolina commercial tenant leases 4,500 sq ft at $18 per sq ft annually (NNN). Monthly base rent is:
- A South Carolina home sells for $320,000. Deed stamps are $1.85 per $500. The 6% commission is split equally between listing and buyer's broker. The seller also pays $2,500 in other closing costs. What are the seller's total closing costs (deed stamps + commission + other costs)?
- A South Carolina property sold for $450,000 at 92% of the listing price. What was the list price?
- A South Carolina property was purchased for $180,000 and sold 5 years later for $225,000. What is the percentage appreciation?
- A Myrtle Beach rental receives $18,000 in net rent after a 10% management fee. What was the gross rent collected?
- A 40-acre parcel in South Carolina is offered for $3,500 per acre. What is the total asking price?
- A South Carolina property assessed at $85,000 (at 4% legal residence ratio) with a 175 mill rate—what is the annual tax?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →