PROPERTY TRANSFERS

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1. A house on .17 of an acre at 34 Orange St. sold to 34 Orange Street, LLC, a Delaware Limited Liability Company of Hobe Sound, Fla. from Meredith T. Marshall of Palm Beach, Fla. for $6,250,000. The property is assessed at $3,261,300. The land bank fee is $125,000.

2. A vacant lot on 3 acres at 47 Pocomo Road sold to David S. Wolff, Trustee, 47 Pocomo Road Partners Nominee Trust of Houston, Texas from John R. Veltri, Hollace Lindsay Roe and Randall B. Roe as successor Trustees u/d/t Kenneth A. Roe of Oradell, N.J. for $6,000,000. The property is assessed at $5,416,800. The land bank fee is $120,000.

3. A house on 2.4 acres at 51 Squam Road sold to Margaret J. Lynch, as Trustee of River Light X Nominee Trust of Wayne, Pa. from Xenia G. Stephens of Somers, N.Y. for $5,500,000. The property is assessed at $5,255,000. The land bank fee is $110,000.

4. A house on 2.7 acres at 8 Eat Fire Springs Road sold to Kenneth J. Anderson Trustee of Eat Fire Trust of Los Angeles, Calif. from Stephen B. Meister of New York City, N.Y. for $5,100,000. The property is assessed at $5,105,500 The land bank fee is $102,000.

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5. A house on .74 of an acre at 26 North Beach St. sold to Steven H. Friedman of Park City, Utah from Philip J. Minella of Nantucket, Mass. for $4,500,000. The property is assessed at $796,500. The land bank fee is $90,000.

6. A vacant lot on .92 of an acre at 53 Squam Road sold to Margaret J. Lynch, as Trustee of River Light X Nominee Trust of Wayne, Pa. from Charles J. Stephens and Xenia G. Stephens, Trustees, of Somers, N.Y. for $3,200,000. The property is assessed at $1,733,600. The land bank fee is $64,000.

7. A house on .20 of an acre at 15 McKineley Ave. sold to Marcia H. Moran and Douglas J. Moran, Trustees of Marcia Moran Hennelly Trust of Concord, N.H. from David W. B. Willse and Deborah H. Willse of Trappe, Md. for $3,035,000. The property is assessed at $1,467,200. The land bank fee is $60,700.

8. A vacant lot on .92 of an acre at 55 Squam Road sold to Margaret J. Lynch, as Trustee of River Light X Nominee Trust of Wayne, Pa. from Xenia G. Stephens, Trustees, of Somers, N.Y. for $3,000,000. The property is assessed at $1,733,600. The land bank fee is $60,000.

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9. A house on .18 of an acre at 21 McKineley Ave. sold to William M. Moore of Dickerson, Md. from Rosanna Agnew Labonte and Lydia Agnew Speller of Sherborn, Mass. for $2,700,000. The property is assessed at $1,052,800. The land bank fee is $54,000.

10. A house on .57 of an acre at 44 Vestal St. sold to Bruce William Benenson and Laurie H. Benenson of Santa Monica, Calif. from Rogers W. Cabot and Jennifer Regan Cabot of Nantucket, Mass. for $2,500,000. The property is assessed at $293,600. The land bank fee is $50,000.

11. A house on 1.1 acres at 9 Wigwam Road sold to Andrew O. Eshelman and Catherine M. Eshelman of Chevy Chase, Md. from Janelle L. Oveson, Trustee of 9 Wigwam Realty Trust of Sherborn, Mass. for $2,475,000. The property is assessed at $811,000. The land bank fee is $49,500.

12. A house on .15 of an acre at 25 King St. sold to Blue Haven Development, LLC, of Washington, D.C. from Brix Development, LLC of Santa Barbara, Calif. for $2,250,000. The property is assessed at $912,700. The land bank fee is $45,000.

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13. A house on 2.7 acres at 7 Whitetail Circle sold to Mary A. Letteri of Sands Point, N.J. from Philip L. and Mary Louise S. Iampietro of Siasconset, Mass. for $1,830,000. The property is assessed at $899,400. The land bank fee is $36,600.

14. A house on .07 of an acre at 15 Pochick St. sold to William T. Jones and Roxane Scurlock Jones of Princeton, N.J. from Bradford R. Frost, Jr. and Patricia L. Frost of Siasconset, Mass. for $1,675,000. The property is assessed at $897,900. The land bank fee is $33,500.

15. Ahouse on .08 of an acre at 15 New St. sold to the Siasconset Casion Association of Siasconset, Mass. from Sylvester J. Ryan, Nicholas Hayes Coleman Ryan and Sylvester Daniel Farrington Ryan of Middlebury, Conn. for $1,600,000. The property is assessed at $730,600. The land bank fee is $32,000.

16. A house on .12 of an acre at 38 Washaman Ave. sold to Duke R. Ligon and Linda G. Ligon of Oklahoma City, Okla. from Mary-Brenda Cortell of Boston, Mass. for $1,550,000. The property is assessed at $881,100. The land bank fee is $31,000.

17. A house on .04 of an acre at 20 Willard St. sold to Thirteen East Lincoln Avenue Realty Trust of Nantucket, Mass. from Joseph M. Quigley and Judith A. Quigley of Naples, Fla. for $1,450,000. The property is assessed at $700,000. The land bank fee is $29,000.

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18. A house on .45 of an acre at 13 Plum Lane sold to William R. Fitzpatrick and Susan L. Fitzpatrick of Hingham, Mass. from Edward J. Dennehy of Nantucket, Mass. for $1,412,500. The property is assessed at

19. A house on .15 of an acre at 10 Weymouth St. sold to Susan Shepherd and James A. Cooper of Nantucket, Mass. from Jacqueline Carter of Nantucket, Mass. for $1,400,000. The property is assessed at $1,185,800. The land bank fee is $28,000.

20. A house on 8 Cottage St. sold to Virginia Ivey of Nantucket, Mass. from Mary Louise Penrose, Trustee, of Pittsburgh, Pa. for $1,325,000. The property is assessed at $865,000. The land bank fee is $26,500.

21. A house on 1 acre at 10 Scotts Way sold to David H. Buck of Nantucket, Mass. from Chester T. Scott and Mardrivon D. Scott, Trustees of Scotts Way Nominee Trust of Nantucket, Mass. for $1,195,000. The property’s assessed value is $861,500. The land bank fee is $19,900 and the exemption is M.

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22. A house on .35 of an acre at 43 Old South Road sold to Kent J. Murphy and Linda J. Murphy of Nantucket, Mass. from Charles E. Toombs of Nantucket, Mass. for $1,150,000. The property is assessed at $391,700. The land bank fee is $23,000.

23. A house on .03 of an acre at 4 Hussey St. sold to Albert P. Minucci and Judith A. Minucci of Barnstable, Mass. from Julian James D’Agostino, III and Jane Turner D’Agostino of Nantucket, Mass. for $1,040,000. The property is assessed at $722,200. The land bank fee is $20,800.

24. A house on .25 of an acre at 8 Cedar Circle sold to Wendy Lee Herrick-Aleman and William E. Aleman of Nantucket, Mass. from Clover Development, Inc. of Nantucket, Mass. for $955,000. The property is assessed at $511,900. The land bank fee is $15,100 and the exemption is M.

25. Abuilding on .22 of an acre at 5 Salros Road sold to Windhorse Ventures, LLC, Burr W. Tupper, Authorized Agent, of Nantucket, Mass. from Richard P. Olsen, Trustee, Salros Road Realty Trust, of Nantucket, Mass. for $855,000. The property is assessed at $626,600. The land bank fee is $17,100.

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26. A house on .18 of an acre at 4 Berkeley St. sold to Anthony Fanning and Susan Fanning of Lilitz, Pa. from Paul Linehan and Karen Linehan of Pawcatuck, Conn. for $850,000. The property is assessed at $667,100. The land bank fee is $17,000.

27. A house on .23 of acre at 3 Sea Fox Circle sold to Ursula and Armondo Nazareth of Nantucket, Mass. from Yvonne B. Hutter of Nantucket, Mass. for $795,000. The property is assessed at $774,100. The land bank fee is $15,900.

28. A house on .46 of an acre at 40 Friendship Lane sold to Anton and Caroline Melchrondy of Andover, Mass. from Robert Vogel of Nantucket, Mass. for $789,000. The property is assessed at $478,500. The land bank fee is $15,780.

29. A house on .28 of an acre at 14 Allen’s Lane sold to Terrance J. Sutherberg, Jr. of Nantucket, Mass. from Erik A. Warner and Robert Wong of New York City, N.Y. for $730,000. The property is assessed at $365,000. The land bank fee is $10,600 and the exemption is M. 30. A house at 17A Essex Road sold to Eric R.

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Shepard of Nantucket, Mass. from Russell Davenport of Nantucket, Mass. for $585,000. The property is assessed at $360,700. The land bank fee is $7,700 and the exemption is M.

31. Acondominium, Unit 16A, on Park Circle sold to T.S. Realty Group, LLC, of Lynnfield, Mass. from Cliff Acquisitions, LLC, of Nantucket, Mass. for $539,000. The property’s assessed value is unavailable. The land bank fee is $10,780.

32. Ahouse on .19 of an acre at 19B Essex Road sold to Nicolle Finch and Kelvin Dillard of Nantucket, Mass. from INJONWE Trust of Nantucket, Mass. for $445,000. The property is assessed at $867,100. The land bank fee is $4,900.

33. A vacant lot on a portion of 46 Macy’s Lane sold to Karen E. Locker of Nantucket, Mass. from Christopher and Carla Betar of Nantucket, Mass. for $435,000. The property’s assessed value was not available. The land bank fee is $8,700.

34. A house on .14 of an acre on a portion of 3 Cherry St. sold to Michael J. Wilson, Trustee, Yumbob Realty Trust, of Nantucket, Mass. from Marlene Devine of Nantucket, Mass. for $50,000. The property is assessed at $636,700. The land bank fee is $1,000.

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35. A vacant lot on .43 of an acre at 6 Nobska Way sold to Burr William Tupper of Nantucket, Mass. from Manuel R. and Sarah B. Sylvia of Nantucket, Mass. for $25,000. The property is assessed at $553,400. The land bank fee is $500.

36. A house on .03 of an acre at 4 Hussey St. sold to Julian James D’Agostino, III and Jane Turner D’Agostino of Acton, Mass. from Jane Turner D’Agostino of Nantucket, Mass. for less than $100. The property is assessed at $772,200. The land bank exemption is C.

37. A house on .23 of an acre at 9 Cedar Circle sold to Anne R. Kronenberg, Trustee, Kronenberg Realty Trust of Nantucket, Mass. from Anne Kronenberg of Nantucket, Mass. for less than $100. The property is assessed at $511,900. The land bank exemption is D.

38. A house on .09 of an acre at 3 Beaver St. sold to Beamish/Pease Remainder Interest of Nantucket, Mass. from Margot W. Beamish of Nantucket, Mass. for less than $100. The property’s assessed value is unavailable. The land bank exemption is C.

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39. A vacant lot on .46 of an acre at 25 Low Beach Road sold to John H. Martin and Lorraine M. Martine, as Tenants by the Entirety, of Siasconset, Mass. from John M. Martin (individually) of Siasconset, Mass. for $1. The land bank exemption is C.

40. A vacant lot on .43 of an acre at 6 Nobska Way sold to Windhorse Ventures, LLC, Burr W. Tupper, Authorized Agent, of Nantucket, Mass. from Burr William Tupper of Nantucket, Mass. for $1. The property is assessed at $553,400. The land bank fee exemption is D.

41. A house under construction on 1.1 acres at 22 Wigwam Road sold to Janelle Lynn Oveson of Sherborn, Mass. from Richard J. Glidden, Trustee, of Nantucket, Mass. for $1. The property is assessed at $477,200. The land bank exemption is D.

42. A house on 1.9 acres at 52 Quidnet Road sold to Douglas Denninger and Donald Denninger of East Taunton, Mass. from Elizabeth P. Van Duyne of Nantucket, Mass. for $0. The property is assessed at $1,338,200. The land bank exemption is C.

43. A house on .19 of an acre at 17 Derrymore Road sold to Andrew T. Hood and Lisa Aline Hood of Nantucket, Mass. from Lisa Aline Hood of Nantucket, Mass. for $0. The property is assessed at $539,100. The land bank exemption is C.

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44. A house on .12 of an acre at 38 King St. sold to Whittemore Realty Trust of Lexington, Mass. from Edwin P. Whittemore and Janice M. Whittemore of Lexington, Mass. for $0. The property is assessed at $723,100. The land exemption is C.

45. A house on 2.3 acres, .91 of an acre and .91 of acre at 51, 53 and 55 Squam Road, respectively, sold to River Light X, LLC, of Wayne, Pa. from Margaret J. Lynch, as Trustee of River Light X Nominee Trust, of Wayne, Pa. for $0. The properties are assessed at $5,255,000, $1,735,600 and $1,733,600, respectively. The land bank exemption is D.

46. A house on .53 of an acre at 16 Daffodil Lane sold to Jessie M. Glidden, Trustee, of Nantucket, Mass. from Elizabeth Bretschneider of Nantucket, Mass. for $0. The property is assessed at $233,900. The land bank exemption is D.

47. A vacant lot on 2.2 acres at 11 Monohansett Road sold to NHA Properties, Inc,, DBA, Nantucket Housing Office, of Nantucket, Mass. from the Nantucket Housing Authority of Nantucket, Mass. for $0. The property is assessed at $588,700. The land bank exemption is G.

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The Nantucket Islands Land Bank gained $1,363,810 in transfer tax fees for the week ending Nov. 5. To date in 2005, the Land Bank has gained an estimated total of $20,334,401.12 in transfer fees. Land bank income is derived mostly from the collection of a two-percent transfer tax on real estate transactions, subject to certain exemptions. The land bank acquires, holds, and manages land for open space and recreation on Nantucket. Other revenue sources include investments, private contributions, leasing of the Lily Pond Cottage at 15 North Liberty St., and properties at 2 Massasoit Bridge Road, 159 Hummock Pond Road, and 22 Broad St.

NOTES ON EXEMPTIONS

Many of the property transfers recorded with the Land Bank are exempt from the 2-percent transfer fee using one of 13 exemptions allowed by the Land Bank Act as follows: A, transfer to government entity; B, transfer which, without additional consideration, confirms, corrects, modifies, or supplements a previously made transfer; C, transfer made as a gift without consideration; D, certain transfers to and from a trust; E, transfer via death or bankruptcy; F, transfer made in partition of land and improvements; G, transfer to charitable organizations; H, transfer to a mortgagee in foreclosure of the mortgage; I, certain transfers made to or within a corporation or partnership; J, certain transfers out of a corporation or partnership; K, transfer due to divorce; L, transfer of property that is partially personal property and partially real property; M, certain first-time property buyers (applies to the first $200,000).

The above explanations are abbreviated because the language explaining these exemptions is too lengthy to print in this section every week. If you are curious about a certain exemption, go to the Nantucket Islands Land Bank Web site for complete information and the Land Bank’s governing bylaws: http://www.nantucketlandbank. org.

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