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Look at this spec house in RB. The assessed value on the parcel is $1.12M. Does that mean that this is the builder’s cost basis? The list price is $2.229M. If the assessed value is the cost basis then there’s still lots of room to negotiate.
http://sdlookup.com/PropertyDetails/tabid/53/forumid/1/view/topics/pid/3A679103/Default.aspx
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=061071683&page=2&property_type=SFR&mls=mls_sandiego&cKey=t6j36vt8&source=SANDICOR
