I have a lot that is 80 x 125. I am selling it for 108,900

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I have a lot that is 80 x 125. I am selling it for 108,900

Postby Nora » Wed May 30, 2007 9:21 am

How do I find out the price per acre?
Nora
 

Postby Dirtman » Wed May 30, 2007 11:21 am

IF the parcel is a rectangle, you have 10,000 square feet (80*125). There are 43,560 square feet in an acre, so divide 10,000 by 43,560, which equals 0.2296 acres more or less.

You're selling this 0.2296 acre parcel for $108,900. To get the price per acre, divide the selling price by the acreage in the sale.

$108,900 / 0.2296 acres = $474,368.40 per acre.
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