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To: Jacques Chitte who wrote (28994)6/15/1999 1:30:00 PM
From: Ilaine  Respond to of 71178
 
I calculate that no one has paid Texaco more than 109% of the assessed value, nor more than 88% of what Texaco paid to the former property owners. So we offered 109% of the assessed value (about 85% of what Texaco paid for it), and told the agent, this is a one time offer, if they turn it down, we'll look at other properties.

The main negative is the uncertainty of the resale value, other than that it's a nice house in a good location.