Raghu purchased a house in 2021 to use as a rental. What is his basis in the property if his expenses were as follows: $250,000 purchase price ($30,000 of which was attributed to the land value). . $2,500 points paid on the mortgage. . $250 legal fees. . . . $175 title insurance. $1,200 homeowner's insurance. $1,500 previously due real estate tax. $2,500 commissions.