Real Estate Math
A rectangular lot in West Virginia measures 150 feet by 200 feet. What is the lot size in acres? (1 acre = 43,560 sq ft)
A0.58 acres
B0.69 acres✓ Correct
C0.75 acres
D0.82 acres
Explanation
Area = 150 x 200 = 30,000 sq ft. Acres = 30,000 / 43,560 = 0.6887 acres, approximately 0.69 acres. Remember: 1 acre = 43,560 square feet. Multiply or divide as needed to convert between units.. The correct answer is 0.69 acres.. This is a common calculation on the West Virginia real estate exam.
Related West Virginia Real Estate Math Questions
- A West Virginia property owner wants to build a fence along a 300-foot property line and then 150 feet along the back of the lot. Fencing costs $12 per linear foot. What is the total fencing cost?
- A West Virginia property has a market value of $250,000. The county millage rate is 35 mills. What is the annual property tax if the assessment ratio is 60%?
- A West Virginia property has an assessed value of $90,000 and a tax rate of 80 mills. What is the annual property tax? (1 mill = $0.001 per $1 of assessed value)
- A West Virginia investor purchases a 4-unit apartment building for $320,000 with an 80% loan. The annual NOI is $28,000. What is the annual debt coverage ratio (DCR) if annual debt service is $19,200?
- A West Virginia landlord rents a 1,200 sq ft commercial space at $15 per sq ft per year. What is the monthly rent?
- A West Virginia seller's home was appraised at $180,000 and listed for $189,900. The buyer's offer of $183,000 is accepted. The transfer tax the seller owes is:
- A West Virginia property has a market value of $225,000. The assessment ratio is 60% and the tax rate is $12 per $1,000 of assessed value. What is the annual property tax?
- A West Virginia buyer closes on a $210,000 home on April 15. Annual property taxes of $2,520 have not yet been paid. Using a 360-day year, what is the seller's prorated tax credit to the buyer?
Practice More West Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free West Virginia Quiz →