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Real Estate Practice : Lesson 2858

By
Industry Observer TN LIC# 290452

#2858                                                      

A builder / developer has 5.25 acres of land.

He wants to divide the land into lots 60 feet wide by 100 feet deep.

36,690 square feet of land is required for street construction

With all of the above considered, how many lots could be derived from the tract of land ?

Take your time. The answer is below the wildlife photo.

wildlife

A. 32 lots

Multiply 43,560, the number of square feet in an acre, time 5.25 acres of land for a total of 228,690 square feet of land.

Subtract the necessary 36,690 square feet for the streets from the total square footage of the tract of 228,690 square feet and we have 192,000 square feet remaining for lots.

If each lot is 60 feet by 100 feet, multiply 60 times 100 to get 6000 square feet which is the size of each lot.

Now, divide 6000 square feet into the remaining total square footage of the entire tract of 192,000 square feet and we see that we can divide the tract into 32 equal sized lots of 6000 square feet each.

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