A real estate investor is considering the purchase of a four$-$unit office building and has the following information. The purchase price is $$939,490$ with $$8,359$ in acquisition costs. Of the total cost, $77$ percent is depreciable. The value of the investment is expected to increase at a rate of $3$ percent per year. Selling expenses equal $6$ percent of the selling price. The investor$$s holding period is $5$ years after which the property will be sold and the mortgage repaid.

What is the adjusted basis when the property is sold?