What was the price per front foot for a 100' x 125' lot that sold for $125,000?

What was the price per front foot for a 100' x 125' lot that sold for $125,000?

• A. $1,250
• B. $1,000
• C. $1,500
• D. $1,750

Answer: (A)

Price per front foot is found by dividing the sale price by the lot’s frontage along the street. The front for a 100' x 125' lot is the 100-foot side, so the calculation is 125,000 ÷ 100 = 1,250. That means the price per front foot is $1,250. The other figures would come from using a different frontage length (for example, a 125-foot frontage would give $1,000 per front foot), but with a 100-foot front, $1,250 is the correct per-front-foot price.

Price per front foot is found by dividing the sale price by the lot’s frontage along the street. The front for a 100' x 125' lot is the 100-foot side, so the calculation is 125,000 ÷ 100 = 1,250. That means the price per front foot is $1,250. The other figures would come from using a different frontage length (for example, a 125-foot frontage would give $1,000 per front foot), but with a 100-foot front, $1,250 is the correct per-front-foot price.