Real Estate Formulas

Area Math

1 Square Yard = 9 Square Feet
1 Acre = 43,560
1 Mile = 5,280 Feet
1 Square Mile = 640 Acres
1 Section = 1 Square Mile or 640 Acres
Township = 36 Sections or 6 Square Miles

Rectangle


Area = Length x Width ( LxW ) or Frontage x Depth ( FxD )

For Example:  Area = 650 ft x 490 ft = 318,500 sq. ft

Acres = Square Feet / 43,560

For Example:  Acres = 318,500 sq. ft / 43,56 = 7.3118

Area = Length x Width x Height

For Example:  Volume = 40ft x 60ft x20ft = 48,000 cubic feet


Triangle

Area = Lenth x Width / 2

For Example:  Area = 30ft x 40ft / 2 = 600 sq ft


Calculating Commission

Sales Price x Commission Rate = Commission Dollar Amount

Transfer Tax

( $0.10 per 100 )

( Sales price / 100 ) x .10 ROUND UP

Intangibles Tax

( $1.50 per 500 )

Intangible Tax = New Loan Assumed / 500 ROUND UP x $1.50