PROPERTY TRANSFERS

6. Avacant lot on 14 acres on Tuckernuck Island sold to H. Crowell Freeman, Jr. and Rachael S. Freeman, Trustees of Whimbrel Nominee Trust of Boston, Mass. from Diane S. Walker, John D. Walker and Joseph W. Walker, Trustees of Salt Box Nominee Trust of Leesburg, Va. for $840,000. The property is assessed at $3,198,200. The land bank fee is $16,800.

1. Ahouse on 2.6 acres at 16 Monomoy Road sold to Sixteen Monomoy Road Nominee Trust of Houston, Texas from View Point Real Estate Trust of Nantucket, Mass. for $9,437,500. The property is assessed at $6,374,900. The land bank fee is $188,750. 7. A house, Unit 1, at 16A Milestone Road sold to Andrew C. Tenney and Jennifer Tenney of Medford, N.J. from Kristoph J. Rollenhagen and Elizabeth G. Rollenhagen of Short Hills, N.J. for $630,000. The property is assessed at $582,800. The land bank fee is $12,600.

8. Ahouse on .23 of an acre at 67 Surfside Road sold to Ramon Cardenas-Partida of Nantucket, Mass. from Jonathan A. and Katherine J. Hemingway of Nantucket, Mass. for $560,000. The property is assessed at $614,600. The land bank fee is $3,200 and the exemption is M.

2. A house on 1 acre at 71 Squam Road sold to Squam Head, LLC, c/o Lucille Keegan of Hobe Sound, Fla. from Eric M. Schultz, Ingrid M. Adam and Robert A. Adam of Nantucket, Mass. and Shirley, Mass. for $3,674,100. The property is assessed at $3,431,900. The land bank fee is $73,482. 9. Ahouse at 3 Sasemin Way sold to John S. Harding and Patricia Harding of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $498,400. The property's assessed value is unavailable. The land bank fee is $1,968 and the exemption is M.

10. A house, Unit 1, on .65 of an acre at 3 Dooley Court sold to Maria T. Psaradelis and Timothy C. Psaradelis of Nantucket, Mass. from Francis B. Psaradelis and Kathleen N. Psaradelis of Nantucket, Mass. for $375,000. The property is assessed at $814,300. The land bank exemption is M.

11. Atime share interval, Time Period 35 in Unit A- 3 in Building A at Brant Point Courtyard Condominium on Swain Street sold to John E. Brennan and Elaine M. Brennan of Glenmont, N.Y. from George Yeremian and Carol Yeremian of West Newbury, Mass. for $12,000. The property's assessed value is unavailable. The land bank fee is $240.

3. A house on 2.06 of an acre at 16 Western Ave. sold to Michael Metz of Houston, Texas from Ann Jarrell of Vancouver, B.C. for $3,075,000. The property is assessed at $2,874,800. The land bank fee is $61,500. 12. A house on 2.1 acres at 3 Rainbow's End sold to Patricia A. Levesque and Jodi Lynn Levesque, Trustees of the Levesque Realty Trust of Nantucket, Mass. from Patricia A. Levesque and Jodi Lynn Levesque of Nantucket, Mass. for less than $100. The property is assessed at $960,100. The land bank exemption is C.

13. A house on .12 of an acre at 1 Thirty Acres Lane sold to Richard K. Perry and Jennifer A. Perry, Trustees of Perry Realty Trust, of Nantucket, Mass. from Richard K. Perry and Jennifer A. Perry of Nantucket, Mass. for less than $100. The property is assessed at $1,064,700. The land bank exemption is C.

14. A vacant lot on .29 of an acre at 37 Easton St. sold to Nantucket Island Properties, LLC, of New York City, N.Y. from Theodore L. Cross of New York City, N.Y. for $10. The property is assessed at $161,900. The land bank exemptions are C and I. 15. A house on Hulbert Avenue sold to Nantucket Harbor Properties, LLC, of New York City, N.Y. from Mary S. Cross of New York City, N.Y. for $10. The property's assessed value is unavailable. The land bank exemptions are C and I.

4. A house on .14 of an acre at 2 Cliff Road sold to Wayne H. Dupont, Trustee, of Newburyport, Mass. from James J. Taylor and Anne M. Taylor of Cincinnati, Ohio for $1,700,000. The property is assessed at $1,858,500. The land bank fee is $34,000. 16. Ahouse on .25 of an acre at 8 Hulbert Ave. sold to Nantucket Harbor Properties, LLC, of New York City, N.Y. from Mary S. Cross of New York City, N.Y. for $10. The property is assessed at $3,161,900. The land bank exemptions are C and I.

17. A house and a vacant lot on .40 of an acre and .19 of an acre at 39 Hulbert Ave. and 41 Hulbert Ave., respectively, sold to Nantucket Harbor Properties, LLC, (50%) and Nantucket Island Properties, LLC, (50%) of New York City, N.Y. from Mary S. Cross and Theodore L. Cross of New York City, N.Y. for $10. The properties are assessed at $16,701,100 and $9,824,600, respectively. The land bank exemptions are C and I.

5. A house on .15 of an acre at 81 Orange St. sold to John Braestrup and Justin Rae Braestrup of Portland, Ore. from Robert J. Ramos, Trustee of Alice M. Ramos Revocable Trust of 1997, of Nantucket, Mass. for $1,200,000. The property is assessed at $1,965,300. The land bank fee is $24,000. 18. Avacant lot on 25.2 acres at 78 Wauwinet Road sold to Nantucket Island Properties, LLC, of New York City, N.Y. from Theodore L. Cross of New York City, N.Y. for $10. The property is assessed at $12,901,200. The land bank exemptions are C and I.

19. Vacant lots on 1.8 acres, 2.6 acres, 2.8 acres and 2.7 acres at 4 Head of the Plains Road, 9 Head of the Plains Road and two parcels off Sheep Pond Road, respectively, sold to Nantucket Island Properties, LLC, of New York City, N.Y. from Theodore L. Cross of New York City, N.Y. for $10. The Head of the Plains Road properties are assessed at $959,400 and $1,523,900, respectively, and the two Sheep Pond Road parcels' assessed values were unavailable. The land bank exemptions are C and I. 20. A house on .13 of an acre at 4 Starbuck Court sold to Christine C. Sanford of Nantucket, Mass. from Edward J. Sanford of Nantucket, Mass. for $0. The property is assessed at $2,330,700. The land bank exemption is K.

21. A house on .22 of an acre at 3 Mill St. sold to Christine C. Sanford of Nantucket, Mass. from Edward J. Sanford of Nantucket, Mass. for $0. The property is assessed at $2,406,200. The land bank exemption is K.

22. Ahouse on .18 of an acre at 11 Ipswich St. sold to Marla Booker, Trustee of the Cecile D. Stoddard Personal Residence Trust of Wethersfield, Conn. from Cecile D. Stoddard of Nantucket, Mass. for $0. The property is assessed at $902,100. The land bank exemption is C.

23. A house on .18 of an acre at 11 Ipswich St. sold to Marla Booker, Trustee of the Joseph P. Stoddard Personal Residence Trust and Marla Booker, Trustee of the Cecile D. Stoddard Personal Residence Trust of Wethersfield, Conn. from Joseph P Stoddard and Cecile D. Stoddard of Nantucket, Mass. for $0. The property is assessed at $902,100. The land bank exemption is C.

24. A house on 7 acres at Lot 9, Land Court Plan 9371-E on Tuckernuck Island sold to Gregory P. Norman and Christine Roosevelt of Lyme, Conn. from Christine Roosevelt of Lyme, Conn. for $0. The property is assessed at $1,308,100. The land bank exemption is C.

The Nantucket Islands Land Bank gained $416,540 in transfer tax fees for the week ending Dec. 1. For 2007, the Land Bank gained an estimated total of $15,346,742.41 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 firsttime 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