Land Co wanted to purchase a plot of land. They agreed to purchase a plot of land with a building on it with the intention of only keeping the land. The assessment value of the land by an independent appraiser was $ Land Co bargained with the seller of the land for a purchase price of $ and purchased the land for that amount. They spent $ in legal fees to transfer the property title, $ in real estate commissions on the sale, $ on grading assessments, and $ on demolition and clean up of the building.