What is the result of the Square Foot Method if the total square footage is 200 and the price per square foot is $250?

To determine the value using the Square Foot Method, you multiply the total square footage of the property by the price per square foot. In this case, the total square footage is 200, and the price per square foot is $250.

When you perform the calculation:

200 square feet × $250 per square foot = $50,000.

This result reflects the value of the property based on its size and the determined price per square foot. The Square Foot Method is commonly used in real estate to quickly assess property value, as it provides a straightforward way to estimate value based on comparable properties and market trends. This method allows appraisers and buyers to understand how much a property is worth based on its physical characteristics.

The selection of $50,000 as the answer accurately represents this calculation, aligning with standard appraisal practices.