PROPERTY TRANSFERS
Dec. 11, 2006 — Dec. 15, 2006
1. A house on .44 of an acre at 20 Baxter Road sold to Barry M. Cooper and Susanne D. Cooper of Toronto, Ontario, Canada from Ira M. Starr, Trustee of the Peter V. and Linda E. Reid Charitable Remainder Trust of Roseland, N.J. for $2,875,000. The property is assessed at $2,086,300. The land bank fee is $57,500. 2. Ahouse on 1.2 acres at 4 Sheep Pond Road sold to Nancy Sharigan of West Palm Beach, Fla. from Richard H. Rasmussen and Susan Rasmussen of Stuart, Fla. for $1,450,000. The property is assessed at $719,400. The land bank fee is $29,000. 3. A house on .17 of an acre at 3 Spring St. sold to Alexander M. Schobel and Sheryl. Schobel of Whitehouse Station, N.J. from Janet P. Murphy, as Trustee of Fish Lane Realty Trust of Nantucket, Mass. for $1,120,000. The property is assessed at $955,700. The land bank fee is $22,400. 4. A house on .11 of an acre at 88 Goldfinch Drive sold to Craig T. Montgomery and Diane B. Montgomery of Manlius, N.Y. from Scott O’Connor, Trustee, Naushop Properties Trust of Nantucket, Mass. for $1,102,475. The property is assessed at $449,800. The land bank fee is $22,049.40. 5. A house on .27 of an acre at 65 Surfside Road sold to Hans Dalgaard of Nantucket, Mass. from Philip E. Dickey, Trustee of Surfcomet Realty Trust of Nantucket, Mass. for $1,025,000. The property is assessed at $548,600. The land bank fee is $20,500.

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6. A vacant lot, Lot 12, at Hydrangea Lane sold to Entrust Northeast, LLC, f/b/o Theodor H. Brown Individual Retirement Account Number 1191 of Verona, N.J. from Sconset Hydrangeas, LLC, of Nantucket, Mass. for $895,000. The property’s assessed value is unavailable. The land bank fee is $17,900.

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7. A house on .23 of an acre at 5 Appleton Road sold to John N. Sullivan and Marie T. Sullivan of Nantucket, Mass. from John Crawford and Catherine Crawford of Guilford, Conn. for $700,000. The property is assessed at $649,100. The land bank fee is $6,000 and the exemption is M.

8. Ahouse on .11 of an acre at 143 Orange St. sold to Matthew B. Judson and Marta Ann Judson of Dedham, Mass. from Sabena M. Burgo of New Bedford, Mass. for $551,000. The property is assessed at $667,000. The land bank fee is $11,020. 9. A house on .11 of an acre at 87A Hinsdale Road sold to Brett Moreau and Richard J. Aprea of Nantucket, Mass. from Michael J. Kenny of South Hamilton, Mass. for $544,000. The property’s assessed value is unavailable. The land bank fee is $2,800 and the exemption is M.

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10. A house at 22B Young’s Way sold to Mary Kate Tarpey of Nantucket, Mass. from Stephen A. Young of Amherst, Mass. for $478,400. The property’s assessed value is unavailable. The land bank fee is $9,568.

11. A house on .11 of an acre at 87B Hinsdale Lane sold to Michael P. Nee and Michele F. Cato of Nantucket, Mass. from Michael J. Kenny of South Hamilton, Mass. for $440,000. The property’s assessed value is unavailable. The land bank fee is $800 and the exemption is M.

12. A house at 28 Ticcoma Way sold to Thomas and Jennifer Erichsen of Nantucket, Mass. from Kim McLeod, Trustee of Ticcoma Way Nominee Trust of Nantucket, Mass. for $420,000. The property’s assessed value is unavailable. The land bank fee is $8,400.

13. A timeshare interval, Time Period 14F, at 47 South Cambridge St. sold to Five K. Realty Trust, u/d/t dated 7-13-99-Doc # 86077 of Nantucket, Mass. from Frederick E. Johnson and Laurel H. Johnson of Alpharetta, Ga. for $8,787. The land bank fee is $175.

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14. A timeshare interval, Time Period 5F, at 47 South Cambridge St. sold to Five K. Realty Trust, u/d/t dated 7-13-99-Doc # 86077 of Nantucket, Mass. from Rona W. Cohen and Margaret C. Cohen of Baltimore, Md. for $8,500. The land bank fee is $170.

15. A vacant lot, Lot 14 on .02 of an acre on Pilgrim Road sold to Corina Shand Gallagher of Lancaster, Pa. from Howard M. Jelleme, Trustee of Howard Family Funding Trust of Nantucket, Mass. for $4,000. The property is assessed at $46,800. The land bank fee is $80. 16. A house on .75 of an acre at 244 Madaket Road sold to Russell Granik, Trustee of the Granik Qualified Personal Residence Trust of Bedford, N.Y. from Russell T. Granik and Joyce A. Granik of Bedford, N.Y. for $1. The property is assessed at $983,900. The land bank exemption is C.

17. A house on .75 of an acre at 244 Madaket Road sold to Joyce Granik, Trustee of the Granik Qualified Personal Residence Trust II of Bedford, N.Y. from Russell T. Granik and Joyce A. Granik of Bedford, N.Y. for $1. The property is assessed at $983,900. The land bank exemption is C.

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18. A house on 3.0 acres at 21 Somerset Road sold to Chester S. Barrett, Jr., Trustee, of Nantucket, Mass. from Chester S. Barrett, Jr. of Nantucket, Mass. for $1. The property is assessed at $809,500. The land bank exemption is C.

19. A vacant lot on 18.75 acres on Barrett Farm Road sold to The Barrett Farm Road/Limited Partnership of Nantucket, Mass. from Chester S. Barrett, Jr. of Nantucket, Mass. for $1. The property is assessed at $2,761,700. The land bank exemption is I.

20. Ahouse on .14 of an acre at 33 West Chester St. sold to John N. Riccio of South Glastonbury, Conn. from John Riccio and Lenore Riccio of South Glastonbury, Conn. for $1. The property is assessed at $1,057,400. The land bank exemption is C.

21. A house on .41 of an acre at 5 H St. sold to Amy Bunker Holmwood, Edward E. Leisher and South Dakota Trust Company, LLC, as Trustees of The Nantucket Island Mindrew Nominee Trust dated Nov. 1, 2006, of Nantucket, Mass. from Amy Bunker Holmwood, Sandra Ann Caracofe and South Dakota Trust Company, LLC, as Trustees of the Mindrew 2003 Megatrust dated Oct. 29, 2003, of Bethesda, Md. for $1. The property is assessed at $1,592,800. The land bank exemption is C.

22. A house on .33 of an acre at 30 Vestal St. sold to Elizabeth H. Webb and Bayard Fiechter, Trustees of Qualified Personal Residence Trust of Elizabeth H. Webb of Bryn Mawr, Pa. from Elizabeth H. Webb of Bryn Mawr, Pa. for $0. The property is assessed at $1,757,400. The land bank exemption is D.

23. A house on .53 of an acre at 48 Dukes Road

sold to Caroline S. Thornewill and Luke Thornewill of Nantucket, Mass. from Caroline S. Thornewill and Luke Thornewill of Nantucket, Mass. for $0. The property is assessed at $1,209,700. The land bank exemption is C.

24. Ahouse on .11 of an acre at 52R Pleasant St, sold to Alison P. Scavone, Trustee of Scavone Nominee Trust of Norwalk, Conn. from Alison P. Scavone of Norwalk, Conn. for $0. The property is assessed at $777,300. The land bank exemption is D.

25. A house on .55 of an acre at 20 Maclean Lane sold to Jacqueline Lee Crowell and John William Crowell of Nantucket, Mass. from Carol A. Crowell of Nantucket, Mass. for $0. The property is assessed at $676,000. The land bank exemption is C.

26. A house on .05 of an acre at 17 Orange St. sold to I. Manning Parsons, III and Cynthia R. Parsons of Cockeysville, Md. from I. Manning Parsons, III and Cynthia R. Parsons of Cockeysville, Md. for $0. The property is assessed at $1,856,300. The land bank exemption is C.

27. A house on .58 of an acre at 6 Dunham St. sold to Nancy J. Hammond and Lewis J. Hammond, Jr. of Nantucket, Mass. from Nancy J. Hammond of Nantucket, Mass. for $0. The property is assessed at $1,275,600. The land bank exemption is C.

28. A house on .23 of an acre at 13 New Lane sold to Big Bass, LLC, of Hamilton, Mass. from Michael J. Kenny, Hamilton, Mass. for $0. The property is assessed at $659,800. The land bank exemption is I.

29. A house on .12 of an acre at 110 Orange St. sold to Paul S. Jensen, Trustee of Cattail Realty Trust of Nantucket, Mass. from Michael T. Gunson and Thomas F. Kennelly of Nantucket, Mass. for $0. The property is assessed at $840,600. The land bank exemption is D.

30. A house on .60 of an acre at 1 Goose Cove Avenue sold to Lucille Vigliano of Pound Ridge, N.Y. from Edward M. Vigiliano and Lucille Vigliano of Pound Ridge, N.Y. for $0. The property is assessed at $849,500. The land bank exemption is C.

31. A house on .59 of an acre at 41 Starbuck Road sold to Lucille Vigliano of Pound Ridge, N.Y. from Edward M. Vigiliano and Lucille Vigliano of Pound Ridge, N.Y. for $0. The property is assessed at $1,193,900. The land bank exemption is C. 32. Ahouse on .18 of an acre at 12 New St. sold to JAYRAY, LLC, a Massachusetts limited liability company, of Nantucket, Mass. from Jill M. Packard and Raymond L. George, Jr. for $0. The property is assessed at $843,500. The land bank exemption is I.

33. A house on .12 of an acre at 110 Orange St. sold to Michael T. Gunson and Thomas F. Kennelly of Nantucket, Mass from Paul S. Jensen, Trustee of Cattail Realty Trust of Nantucket, Mass. for $0. The property is assessed at $840,600. The land bank exemption is D.

34. A house on 1.8 acres at 4 Deacons Way sold to Catherine N. Caputo, Trustee of Caputo Nominee Trust of South Orange, N.J. from Anthony R. Caputo and Cathy N. Caputo of South Orange, N.J. for $0. The property is assessed at $4,857,200. The land bank exemption is D.

The Nantucket Islands Land Bank gained $212,363.15 in transfer tax fees for the week ending Dec. 16. For 2006, the Land Bank gained an estimated total of $17,133,814.41 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 $400,000).

The above explanations are abbreviated because the language explaining these exemptions is too lengthy to print in this section every week. If you’re curious about a certain exemption, go to the Nantucket Islands Land Bank Web site for complete information on the exemptions and the land bank’s governing bylaws: http://www.nantucketlandbank.org. Or visit the office at 22 Broad St.

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