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PROPERTY TRANSFERS
Jan.1, 2007 - Jan. 5, 2007
2. A house on .16 of an acre at 12 Pleasant St. sold to Thomas C. Schneider and Alison Schneider of Darien, Conn. from 12 Pleasant Street, LLC, a duly organized Delaware Limited Liability Corporation, of Burlington, Vt. for $2,385,000. The property is assessed at $1,808,500. The land bank fee is $47,700. 3. A house on 1.0 acres at 21 Folger Ave. sold to Carlin Contracting Co., Inc. of Waterford, Conn. from Rayna Lesser of Boston, Mass. for $2,245,000. The property is assessed at $1,623,400. The land bank fee is $44,900. 4. A house on 1.8 acres at 16 Pond View Drive sold to John R. Bartholdson and Carole D. Bartholdson of Malvern, Pa. from Karen L. Bopp and David Bopp, Trustees of Two White Street Realty Trust of Nantucket, Mass. for $1,757,500. The property is assessed at $1,431,800. The land bank fee is $35,150.
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5. A house on .19 of an acre at 4 Candlehouse Lane sold to Warren Feldberg and Rosalyn Feldberg of Concord, Mass. from William Fordyce and Jean Fordyce of Saugus, Mass. for $1,350,000. The property is assessed at $1,201,900. The land bank fee is $27,000. 6. A house on .29 of an acre at 30 Young's Way sold to Michael J. Alpert of Nantucket, Mass. from Stephen and Valerie Young of Amherst, Mass. for $1,122,500. The property is assessed at $918,800. The land bank fee is $22,450.
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7. A house on .16 of an acre at 9 1/2 Mary Ann Drive sold to Robert P. Hilson and William F. McEachern of Hingham, Mass. from David P. White of Nantucket, Mass. for $625,000. The property is assessed at $451,000. The land bank fee is $12,500.
8. Avacant lot on 3.6 acres at 45 Squam Road sold to Michael Williams Flamm and Eric Simon Flamm of New York City, N.Y. from Ellen S. Flamm, Trustee of The Ellen S. Flamm Revocable Trust of New York City, N.Y. for $600,000. The property is assessed at $747,800. The land bank fee is $12,000.
9. A house at 6A Altheas Lane sold to Maria J. Pena of Nantucket, Mass. from Paul F. Kelley and Joanne L. Kelley of Crossville, Tenn. for $560,000. The property is assessed at $478,800. The land bank fee is $11,200.
10. A house on .50 of an acre at 9 Dukes Road sold to 9 Dukes, LLC of Medford, N.Y. from Frances McCarthy, Ronald Hall and Denise Hall of Nantucket, Mass. for $38,899.32. The property is assessed at $710,100. The land bank fee is $777.99.
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11. A house on .12 of an acre at 11 Nobska Way sold to William J. Flynn and Elizabeth A. Flynn, Trustees of the Albacore Trust, of Braintree, Mass. from William J. Flynn a/k/a William Flynn of Braintree, Mass. for $1. The property is assessed at $473,300. The land bank exemptions are C and D.
12. A vacant lot on .19 of an acre at 6 Thirty Acres Lane sold to Thirty Acres Lane, LLC, of Nantucket, Mass. from Robert J. Ramos of Nantucket, Mass. for $1. The property is assessed at $809,100. The land bank exemption is I.
13. A house on .50 of an acre at 9 Ramos Court sold to Ramos Court, LLC, of Nantucket, Mass. from Robert J. Ramos of Nantucket, Mass. for $1. The property is assessed at $1,212,000. The land bank exemption is I.
14. A house on 2.1 acres at 8 Almanack Pond Road sold to Keith W. Keidel, et al, of Skillman, N.J. from Keith W. Keidel and Gladys C. Keidel of Skillman, N.J. for $0. The property is assessed at $1,561,600. The land exemption is C. 15. A house on 1.1 acres at 38 Flintlock Road sold to Gary S. McBournie of Boston, Mass. from Exchange One Charles Street, LLC, of Newton, Mass. for $0. The property is assessed at $1,033,600. The land bank exemption is D.
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16. A house on 1.3 acres at 5 Fulling Mill Road sold to Fischer Properties, LLC, of Boston, Mass. from Josef E. Fischer, Trustee of Five Fulling Mill Nominee Trust of Boston, Mass. for $0. The property is assessed at $4,381,000. The land bank exemption is I.
17. A business on .08 of an acre and .04 of an acre at 31 Easy St. and 41 Main St., respectively, sold to Joseph V. Arno and Kenneth Gullicksen, Trustees of the Joseph V. Arno Nominee Trust of Nantucket, Mass. from Joseph V. Arno of Nantucket, Mass. for $0. The properties are assessed at $2,175,800 and $3,268,500, respectively. The land bank exemption is D.
18. A house on .58 of an acre at 39 Hummock Pond Road sold to Deborah A. Taylor and Marsali Baker, Trustees of 39 Hummock Pond Road Nominee Trust of LaGrange, Maine from Deborah A. Taylor of Nantucket, Mass. for $0. The property is assessed at $696,600. The land bank exemption is D.
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19. A house on 1.5 acres at 11 Wood Hollow Road sold to Edward K. Ryan of Ridgefield, Conn. from Jane E. Ryan of Ridgefield, Conn. for $0. The property is assessed at $851,800. The land bank exemption is C.
The Nantucket Islands Land Bank gained $310,127.99 in transfer tax fees for the week ending Jan. 6. For 2007, the Land Bank gained an estimated total of $310,127.99 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
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