A beach cottage on the island of Oahu measures 30.5 feet by 32.0 feet. It is listed for sale for $411,000. What is the cost of the home in dollars per square foot?

    +1  Views: 1115 Answers: 3 Posted: 8 years ago

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    That is a beach shack.

    You need to break it down a little more, melman.  As doolittle would say, the "shack" could end up costing you $175 per square foot for the "shell" under-roof portion of the property, plus all the improvements inside, say $100 more per square foot.  The $275 X  976 (square footage of the cottage) or $268m $268,400.  This would be your replacement cost of the under-roof portion.  To find out the value of the land, assuming it's fee simple, you would take $411,000 - 268,400, or $142,600. If the value of the land that the cottage sits on seems too low, take a look at the condition of the house and discount the value accordingly if it is not in excellent condition.

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