PROPERTY TRANSFERS

1 1. A house on 1.2 acres at 44 Monomoy Road sold to 44 Monomoy, LLC, of Milton, Mass. from Charles H. Gifford, III, of North Hampton, R.I. for $8,995,000. The property is assessed at $4,978,200. The land bank fee is $179,900.

2. A house on 1.1 acres at 23 Masaquet Ave. sold to Amalia C. Myers of Norwich, Vt. from Ralph A. Maffei, Jr. and Barbara L. Maffei of Nantucket, Mass. for $1,945,000. The property is assessed at $868,300. The land bank fee is $38,900.

3. Ahouse on .13 of an acre at 9 Bluebird Lane sold to Robert S. Talbott of Knoxville, Tenn. from Donald Peters and Gena Monique Peters, Trustees of 9 Bluebird Lane Realty Trust of North Andover, Mass. for $1,385,000. The property is assessed at $884,300. The land bank fee is $27,700.

4. A house on 1.2 acres at 33 Shimmo Pond Road sold to Carolyn B. Zehner of London, United Kingdom from Scott L. Zehner of Friday Harbor, Wash. for $1,056,000. The property is assessed at $2,569,000. The land bank fee is $21,120.

5. Acondominium at 4A Park Circle sold to Alan M. Forster and

Nancy Ann C. Forster of Nantucket, Mass. from Cliff Acquisitions, Inc. of Nantucket, Mass. for $639,000. The property’s assessed value is unavailable. The land bank fee is $12,780.

2 6. A house on .24 of an acre at 15 Trotter’s Lane sold to Mark J. Roche and Germaine L. Roche of Nantucket, Mass. from John F. Grangrade and Mary B. Grangrade of Claremont, Fla. for $550,000. The property is assessed at $356,100. The land bank fee is $11,000.

7. A house on .44 of an acre at 5 Fairgrounds Road sold to Christopher F. L. Ryder of Siasconset, Mass. from Donald L. Ryder of Nantucket, Mass. for $385,000. The property is assessed at $455,100. The land bank fee is $3,700 and the exemption is M.

8. A vacant lot on .29 of an acre at 20 Amelia Drive sold to Amelia Limited Partnership of Nantucket, Mass. from Amelia Drive Realty Trust, Trustees, Homer F. Ray, III and Ellen L. Ray of Nantucket, Mass. for $10. The property is assessed at $699,500. The land bank exemption is D.

9. A house on 2.3 acres at 67 Polpis Road sold to Benson and Henderson Enterprises, L.L.C., of Princeton, N.J. from Margaret A. Henderson of Skillman, N.J. for $1. The property is assessed at $937,000. The land bank exemption is C.

3 10. A vacant lot on .29 of an acre at 10 West Creek Road sold to Christopher F. L. Ryder, Trustee, of Siasconset, Mass. from Donald L. Ryder, Trustee, of Nantucket, Mass. for $1. The property is assessed at $412,100. The land bank exemptions are C and K.

11. A house on .44 of an acre at 5 Fairgrounds Road sold to Valerie R. Ryder of Siasconset, Mass. from Donald L. Ryder of Nantucket, Mass. for $1. The property is assessed at $455,100. The land bank exemption is K.

12. A house on .23 of an acre at 11 Gold Star Drive sold to Donald L. Ryder of Nantucket, Mass. from Valerie R. Ryder of Nantucket, Mass. for $1. The property is assessed at $356,800. The land bank exemption is K.

13. A house at 44 South Cambridge St. sold to Stephen H. Blackwell of Knoxville, Tenn., Hilary V.C. Blackwell of Bethel, Conn. and Carolyn T. Blackwell of Philadelphia, Pa. from Anne S. Blackwell, Trustee, Anne S. Blackwell Revocable Trust of Ridgefield, Conn. for $0. The property is assessed at $350,400. The land bank exemption is C.

4 14. A house on .53 of an acre at 5 Hussey Farm Road sold to Rosemary E. Topham of Nantucket, Mass. from John G. Topham and Jeanette D. Topham of Nantucket, Mass. for $0. The property is assessed at $350,900. The land bank exemption is C.

15. A business on .11 of an acre at 10 Washington St. sold to Reith Ventures Limited Partnership of Nantucket, Mass. from Mary L. Reith and William S. Reith of Nantucket, Mass. for $0. The property is assessed at $1,526,400. The land bank exemption is I.

16. Property on .11 of an acre at 10 Washington St. sold to Reith Ventures Limited Partnership of Nantucket, Mass. from Mary L. Reith and William S. Reith of Nantucket, Mass. for $0. The property is assessed at $1,401,900. The land bank exemption is I.

17. A house on .53 of an acre at 5 Hussey Farm Road sold to Rosemary E. Topham of Nantucket, Mass. from John G. Topham and Jeanette D. Topham of Nantucket, Mass. for $0. The property is assessed at $350,900. The land bank exemption is C.

18. Ahouse on .17 of an acre at 20 Liberty St. sold to Jessie M. Glidden, Trustee, 20 Liberty Street Realty Trust of Nantucket, Mass. from Shedden Sanguinetti of Nantucket, Mass. for $0. The property is assessed at $1,386,200. The land bank exemption is D.

5 19. A portion of house at 44 South Cambridge St. sold to

Stephen H. Blackwell of Knoxville, Tenn., Hilary V.C. Blackwell of Bethel, Conn. and Carolyn T. Blackwell of Philadelphia, Pa. from Anne S. Blackwell, Trustee, Anne S. Blackwell Revocable Trust of Ridgefield, Conn. for $0. The property is assessed at $350,400. The land bank exemption is C.

20. Ahouse on .14 of an acre at 2 Mayhew Lane sold to Kew Nominee Trust of Buffalo, N.Y. from Margaret S. Kew of Buffalo, N.Y. for $0. The property is assessed at $1,670,100. The land bank exemption is D.

21. A condominium at 13B Willard St. sold to Thirteen Willard Street Nominee Trust of Nantucket, Mass. from Donald P. Reefe and Jean M. Reefe of Nantucket, Mass. for $0. The property is assessed at $931,100. The land bank exemption is D.

22. A house on .6 of an acre at 13 Swayze’s Ave. sold to One Eagle Lane, LLC, of Arlington, Mass. from Trudy Dujardin and Frank Fasanella of E. Norwalk, Conn. for $0. The property is assessed at $411,300. The land bank exemption is I.

23. Ahouse on 2.4 acres at 181 Eel Point Road sold to 181 Eel Point Road, LLC, of Freeport, Maine from Joan Kolle Wheeler, Trustee of K-6 Realty Trust u/d/t date December 29, 1989 and registered as Document No. 49195 of Sedona, Ariz. for $0. The property is assessed at $3,760,200. The land bank exemption is I.

24. A house on 3.3 acres at 5 Parson Lane sold to Jamie Beth Gries of Kinnelon, N.J. from Steven Michael Gries of Kinnelon, N.J. for $0. The property is assessed at $1,046,900. The land bank exemption is K.

25. A house on .13 of an acre at 17 Liberty St. sold to Seventeen Liberty Street Nominee Trust of Nantucket, Mass. from Peyson W. Potter of Nantucket, Mass. for $0. The property is assessed at $1,606,200. The land bank exemptions are C and D.

26. A house on .13 of an acre at 17 Liberty St. sold to Peyson W. Potter of Nantucket, Mass. from Melinda R. Potter, Trustee, of Bronxville, N.Y. for $0. The property is assessed at $1,606,200. The land bank exemption is D.

27. Ahouse on .64 of an acre at 31 Exeter St. sold to Van Liew Trust Company, Trustee of the Carol A. Gretes Irrevocable Trust of Providence, R.I. from Carol Lund of Jamestown, R.I. for $0. The property is assessed at $594,000. The land bank exemption is D.

28. A house on .06 of an acre at 30 Arkansas Ave. sold to Lindsay R. Perry, Jr., Trustee, Lot 442 Homeowners Association Trust of Nantucket, Mass. from Allan Profeta and Donna Profeta of Cedarhurst, N.Y. for $0. The property is assessed at $242,000. The land bank exemption is H.

The Nantucket Islands Land Bank gained $295,100 in transfer tax fees for the week ending Jan. 7. For 2006, the Land Bank gained an estimated total of $295,100 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.

I