PROPERTY TRANSFERS

3. Ahouse on .46 of an acre at 15 Weweeder Ave. sold to Suzanne McMahon of Rathmines, Dublin 6, Ireland from Albert I. Dickerson, III and Sarah Dickerson of Huntington, N.Y. for $1,800,000. The property is assessed at $1,176,800. The land bank fee is $36,000. 7. A house at 21B Friendship Lane sold to Gustavo R. M. Goncalves and Tracey M. Goncalves of Nantucket, Mass. from Brooke B. and Timothy M. Bulmer of Nantucket, Mass. for $449,000. The property's assessed value is unavailable. The land bank fee is $8,980.

1. A house on 1.7 acres at 9 Cabot Lane sold to Nine Cabot Lane Nominee Trust of Simsbury, Conn. from Robert G. Sabelhaus and Melanie R. Sabelhaus of Owings Mills, Md. for $8,300,000. The property is assessed at $6,540,900. The land bank fee is $166,000. 8. A house at 6A Folger Ave. sold to Gail Holdgate of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $387,400. The property's assessed value is unavailable. The land bank fee is $7,748.

9. A time share period, Interval 20 in Unit A4 in Building A at Brant Point Courtyard Condominium sold to Joseph E. Watts and Ann F. Watts of Westborough, Mass. from Marion W. Brown of Tarrytown, N.Y. for $6,000. The property's assessed value is unavailable. The land bank fee is $120.

2. A condominium at 36D Sesachacha Road sold to Richard J. Glidden, Trustee, in care of James Netherthorpe of London, WC2N 6HT, England from Douglas Kennedy of Chappaqua, N.Y. for $3,100,000. The property is assessed at $2,414,400. The land bank fee is $62,000. 10. Vacant lots on .22 of an acre, .18 of an acre and .15 of an acre at 33, 35 and 37 Woodbury Lane, respectively, sold to Ewing Nantucket, LLC, of Reno, Nev. from Carrel W. Ewing and Gayle H. Ewing of Reno, Nev. for $0. The properties are assessed at $808,400, $805,000 and $802,500, respectively. The land bank exemption is I.

11. Ahouse on .46 of an acre at 7 Shady Lane sold to Marvin C. Moses of Snowmass Village, Colo. from Marvin C. Moses and Susan C. Moses of Snowmass Village, Colo. for $0. The property is assessed at $2,776,000. The land bank exemption is C.

12. A house on .46 of an acre at 7 Shady Lane sold to Marvin C. Moses Qualified Personal Residence Trust of Snowmass Village, Colo. from Marvin C. Moses and Susan C. Moses of Snowmass Village, Colo. for $0. The property is assessed at $2,776,000. The land bank exemption is D.

4. A house on .31 of an acre at 4B Back St. sold to Patience O'Connor and James Wooten of Washington, D.C. from H. Flint Ranney and Charron P. Ranney, Trustees of Rantucket Realty Trust of Nantucket, Mass. for $1,265,000. The property is assessed at $1,114,000. The land bank fee is $25,300. 13. A house on .21 of an acre at 19 Pleasant St. sold to Marilyn J. Whitney Revocable Trust of Longboat Key, Fla. from Marilyn J. Whitney of Longboat Key, Fla. for $0. The property is assessed at $9,466,300. The land bank exemption is D.

14. A house on 1.3 acres at 59 Monomoy Road sold to Bixler Properties, LLC, Nantucket Series, of Placida, Fla. from David D. Bixler, Jr. and Mary Lou Bixler of Placida, Fla. for $0. The property is assessed at $5,529,500. The land bank exemption is I.

15. A house on 1 acre at 4 Monomoy Creek Road (1/2 interest) sold to Augusta W. Willett Revocable Trust of Vero Beach, Fla. from Augusta W. Willett of Vero Beach, Fla. for $0. The property is assessed at $2,800,500. The land bank exemption is D.

5. Ahouse on .34 of an acre at 8 Nobadeer Way sold to Mayra R. Escobar and Salvador Aguliar-Portillo of Nantucket, Mass. from Andrew W. Fee of Nantucket, Mass. for $675,000. The property is assessed at $873,900. The land bank fee is $5,500 and the exemption is M. 16. Ahouse on 1 acre at 4 Monomoy Creek Road (1/2 interest) sold to E. Crosby Willett Revocable Trust of Vero Beach, Fla. from E. Crosby Willett of Vero Beach, Nantucket's Oldest-Largest Fla. for $0. The property is assessed at $2,800,500. The land bank exemption is D.

17. A house on .21 of an acre at 4 Hull Lane sold to Robert C. Marko of Fairhaven, Mass. from Robert C. Marko and Valeria A. Marko of Bourne, Mass. for $0. The property is assessed at $816,200. The land bank exemption is K.

18. A house on .10 of an acre at 41 Orange St. sold to Richard R. Kreitler and Robin M, Kreitler, Trustees, of Charlottesville, Va. from Richard R. Kreitler and Robin M, Kreitler of Charlottesville, Va. for $0. The property is assessed at $2,680,900. The land bank exemption is D.

6. Ahouse at 4 Sasemin Way sold to William J. Pittman and Nancy S. Pittman of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $595,000. The property's assessed value is unavailable. The land bank fee is $11,900. 19. A house on .80 of an acre at 34 Fairgrounds Road sold to Mary Jane Majer (Retained Life Estate in Joseph E. Perry) of Nantucket, Mass. from Joseph E. Perry of Nantucket, Mass. for $0. The property is assessed at $915,000. The land bank exemption is C.

20. Vacant lots on 10, 11 and 12 Hedgebury Lane sold to Michael W. C. Emerson of Duxbury, Mass. from Hedgebury Lane, LLC, of Norwell, Mass. for $0. The properties' assessed values were unavailable. The land bank exemption is J.

The Nantucket Islands Land Bank gained $323,548 in transfer tax fees for the week ending Nov. 9. For 2007, the Land Bank gained an estimated total of $14,446,806.41 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 Family Operated Real Estate Firm

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