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Kings Pointe--Lot 342, Grand Blanc
Kings Pointe--Lot 343, Grand Blanc
Developed Property Held For Sale--Other
Tri-Park Property
Grand Pointe Property
After the estate received the appraisers' list of values for
each parcel of the subject property, the estate paid $14,003 to
John J. Stockdale (Mr. Stockdale), a certified public accountant
(C.P.A.) and appraiser of business interests, to appraise the
decedent's equity interests, taking into account the value of the
real estate as ascertained by the appraisers and any discounts
considered appropriate by Mr. Stockdale. Mr. Stockdale
ascertained that certain discounts, one of which was not a
discount for market absorption, inhered in the equity interests.
The discounts ascertained by Mr. Stockdale, and the interests to
which they attached, are as follows: (1) The decedent's
5-percent interest in Grand Pointe, Inc.--35-percent discount for
lack of marketability and lack of control, (2) the decedent's
26-percent interest in The Aukers, Community Developers, Ltd.--
35-percent discount for lack of marketability and lack of
control, (3) the decedent's 35.08-percent interest in Eldon L.
Auker Enterprises--35-percent discount for lack of marketability
and lack of control, (4) each 50-percent interest in Auker
Homes--40 percent discount for lack of marketability and lack of
control, (5) the 20.27-percent interest in Eldon L. Auker
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