There is a tract of land that is 1.25 acres and the lot is 150 feet deep. At $65 per front foot, what is the selling price of the lot?

• A. 23,595
• B. 21,000
• C. 25,000
• D. 24,000

Answer: (A)

When a price is quoted per front foot, the total depends on how wide the lot fronts the street. Convert the size from acres to square feet: 1.25 acres × 43,560 sq ft/acre = 54,450 sq ft. With a depth of 150 ft, the frontage width is 54,450 ÷ 150 = 363 ft. Multiply by the price per front foot: 363 ft × $65 = $23,595. Therefore, the selling price is 23,595.