PROPERTY TRANSFERS

1. A house on .41 of an acre and .14 of an acre at 10 and 12 Candle House Lane, respectively, sold to Lawrence M. Maury and Michelle B. Maury of Nantucket, Mass. from Mary Jane Stroup and Joan Helen Manley, Trustees of the Garden of the Sea Nominee Trust, of Nantucket, Mass. for $4,500,000. The properties are assessed at $1,457,700 and $1,104,100, respectively. The land bank fee is $90,000. 2. Ahouse on .12 of an acre at 85 Goldfinch Drive sold to Binth Rustad of Nantucket, Mass. from Laurie V. Richards and Janice T. Richards of Nantucket, Mass. for $1,445,000. The property is assessed at $1,207,600. The land bank fee is $28,900. 3. A house at 40D Nobadeer Farm Road sold to Laurie Richards of Nantucket, Mass. from Janice C. Savery of Sherborn, Mass. for $750,000. The property's assessed value is unavailable. The land bank fee is $15,000.

1 4. A house on .42 of an acre at 10 Mizzenmast Road sold to Krause Family 2006 Revocable Trust of Maplewood, N.J. from Elliot and Judy R. Krause of Maplewood, N.J. for $1. The property is assessed at $846,000. The land bank exemption is D.

5. A house on 1.0 acre at 20 Field Ave. sold to Mark A. Lombardi David H. Lombardi of Nantucket, Mass. from Mark A. Lombardi, Trustee of Dom Boys Realty Trust of Nantucket, Mass. for $0. The property is assessed at $1,146,600. The land bank exemption is D.

2 6. A house on .26 of an acre at 44 Baxter Road sold to Thomas A. Travers of Southport, Conn. from Cynthia A. Travers of Fairfield, Conn. for $0. The property is assessed at $2,082,200. The land bank exemption is K. 7. A house on .23 of an acre at 31 Appleton Road sold to Jeremiah K. Smith and Shirley A. Smith, Trustees of the Smith Family Trust - 2006 of Nantucket, Mass. from Jeremiah K. Smith and Shirley A. Smith of Nantucket, Mass. for $0. The property is assessed at $602,800. The land bank exemption is D.

8. A house on .23 of an acre at 36 Exeter St. sold to Charles H. Dutton, Trustee of the 36 Exeter Realty Trust of Nantucket, Mass. from Charles H. Dutton of Nantucket, Mass. for $0. The property is assessed at $680,000. The land bank exemptions are C and D.

9. A vacant lot on 2.1 acres, .25 of an acre and .21 of an acre at 57 and 59 Surfside Road, and 4 Windy Way, respectively, to Keep on Trucking, LLC of Nantucket, Mass from Priscilla L. Reis of Nantucket, Mass. for $0. The properties are assessed at $967,600, $66,900 and $276,900, respectively. The land bank exemption is C.

3 10. Avacant lot on 4.4 acres and .12 of an acre at 80 and 97 Miacomet Ave., respectively, sold to Meeting Place, LLC of Nantucket, Mass. from Priscilla L. Reis of Nantucket, Mass. for $0. The properties are assessed at $1,377,800 and $838,400, respectively. The land bank exemption is C.

11. Ahouse on .08 of an acre at 40 Pine St. sold to John Muyskens, III and Cara M. Morgan, Trustees of the John Muyskens Revocable Trust dated January 23, 2007 and Cara M. Morgan and John Muyskens, III, Trustees of the Cara M. Muyskens Revocable Trust dated January 23, 2007 of Acton, Mass. from John Muyskens, III and Cara M. Morgan of Acton, Mass. for $0. The property is assessed at $1,475,300. The land bank exemptions are C and D.

12. Ahouse on 1.1 acres and 1.1 acres at 3 Nauma Lane and 5 Sakedan Lane, respectively, sold to Erik M, Zissu, Trustee of the Peter L. Kelliner 1006 Trust of New York City, N.Y. from Peter L. Kelliner of London SW 3 3TD UK for $0. The properties are assessed at $1,462,100 and $1,441,100, respectively. The land bank exemption is D.

13. Ahouse on 1.1 acres and 1.1 acres at 3 Nauma Lane and 5 Sakedan Lane, respectively, sold to Erik M, Zissu, Trustee of the Peter L. Kelliner 1006 Trust of New York City, N.Y. from Maria T. Kelliner of London SW 3 3TD UK for $0. The properties are assessed at $1,462,100 and $1,441,100, respectively. The land bank exemption is D.

14. A vacant lot on .47 of an acre at 2 Seven Mile Lane sold to Devon Holdings Group, LLC, of New York City, N.Y. from Lora Price of New York City, N.Y. for $0. The property is assessed at $464,600. The land bank exemption is I.

15. A vacant lot on 1.0 acre at 11 Sandsbury Road sold to Edward S. Toole, James D. Toole, Michael L. Toole and Cindy L. Hayes of Siasconset, Mass. from Allan L. Toole and Nikki S. Toole of Wellington, Fla. for $0. The property is assessed at $1,671,700. The land bank exemption is C.

The Nantucket Islands Land Bank gained $133,900 in transfer tax fees for the week ending Feb. 10. For 2007, the Land Bank gained an estimated total of $1,976,472.92 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. I