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Net Worth
Total
5,256,157
1We recognized that the total value of these assets is $7,287,395. The
parties have stipulated that the total value is $7,242,395, and they have not
explained the difference between their stipulated value and the actual value. We
proceed using the stipulated value.
Auker Enterprises
Assets
Cash
$756,890
Construction in progress
4,757
Receivable--Auker Homes
145,220
Accrued interest on receivables
24,499
Land contracts receivable
78,800
Commercial rental property--5124 Hill Road, Grand Blanc
145,000 Commercial rental property--6063 Fenton, Grand Blanc
310,000
50% interest in commercial rental properties
82,400
100% interest in residential rental properties
385,493
50% interest in residential rental properties
11,040
100% interest in vacant land
177,300
50% interest in vacant land
135,160
33.3% interest in vacant land
41,163
50% interest in Auker Homes
1,576,847
Equipment and/or vehicles
31,486
Total
3,906,055
Liabilities
Total
92,085
Net Worth
Total
3,813,970
All of the real estate mentioned above (including the apartment
complexes), which we collectively refer to as the subject
property, is located in Genesee County, with the exception of
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Last modified: May 25, 2011