Real Estate Math

A Virginia property has 2,500 sq ft of living space. At $185 per sq ft, what is the estimated value?

A$425,000

B$462,500✓ Correct

C$450,000

D$400,000

Explanation

Value = 2,500 × $185 = $462,500. Using the values given ($185), apply the appropriate formula.. The correct answer is $462,500.. This is a common calculation on the Virginia real estate exam.

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