PROPERTY TRANSFERS
Jan. 22, 2007 - Jan. 26, 2007
1. A house on 2.9 acres at 77 Low Beach Road sold to Andrew Glist, Trustee of 77 Low Beach Road Nominee Trust of Pelham, N.Y. from 77 Low Beach Road, LLC, of Boston, Mass. for $9,100,000. The property is assessed at $8,879,400. The land bank fee is $182,000. 2. A house on 1.5 acres at 186 Cliff Road sold to Lester P. Silverman and Patricia Abramson of Washington, D.C. from Otis W. Murphy, Jr. and Mason M. Taber, Jr., Trustees of the 186 Cliff Road Nominee Trust, of Calistoga, Calif. for $2,460,000. The property is assessed at $2,166,000. The land bank fee is $49,200.

1

3. A vacant lot on 2.5 acres at 9 Ticcoma Way sold to the Catchalot Land Company, LLC, of Nantucket, Mass. from John G, Hallett and Judith A. Hallett of Nantucket, Mass. for $2,050,000. The property is assessed at $1,688,900. The land bank fee is $41,000.

4. A vacant lot on 2.5 acres at 5 Ticcoma Way sold to the Catchalot Land Company, LLC, of Nantucket, Mass. from Lydia B. Graves, II and William P. Graves, III (WPG), of Medford, Mass. for $1,900,000. The property is assessed at $678,800. The land bank fee is $38,000. 5. A house on .39 of an acre at 11 Starbuck Road sold to Gregory and Elizabeth Dousa of Scituate, Mass. from Kenneth A. Dunn and J. Carter Dunn of Nantucket, Mass. for $1,107,200. The property is assessed at $785,300. The land bank fee is $22,144.

2

6. A vacant lot on .12 of an acre at 9 Back St. sold to Kathryn C. Lieb of Valley Forge, Pa. from Mark L. Valerio of Greenwich, Conn. for $1,000,000. The property is assessed at $500,600. The land bank fee is $20,000.

7. Condominium, Unit 599 at 11 Witherspoon Drive sold to Joseph Ciarmataro of Nantucket, Mass. from Bayview Nominee Trust of Nantucket, Mass. for $790,000. The property's assessed value is unavailable. The land bank fee is $15,800.

8. A house on 2.4 acres at 67 Polpis Road sold to Benson and Henderson Enterprises, LLC, of Princeton, N.J. from Margaret A. Henderson of Skillman, N.J. for $1. The property is assessed at $1,302,000. The land bank exemption is C.

9. A house on .28 of an acre at 16 Rhode Island Drive sold to Messinger Family Trust of Bethesda, M.D. from Ronald Messinger of Avon, Conn. for $1. The property is assessed at $1,003,400. The land bank exemption is C.

5

10. A house on .16 of an acre at 9 1/2 Mary Ann Drive sold to Robert P. Hilson and William F. McEachern, Trustees, of Hingham, Mass. from Robert P. Hilson and William F. McEachern, Trustees, of Hingham, Mass. for $1. The property is assessed at $451,000. The land bank exemption is D.

11. A house on .15 of an acre at 132 Main St. sold to Barbara von der Groeben and Mark Kevin McGill and Kimberly L. McGill of Columbia, Md. for $0. The property is assessed at $1,529,800. The land bank exemption is J.

12. A house on .29 of an acre at 60 Cliff Road sold to Kenneth M. Goldberg and Louise Goldberg, Trustees of the 60 Cliff Road Nominee Trust, of Boston, Mass. from Louise Goldberg of Boston, Mass. for $0. The property is assessed at $2,269,300. The land bank exemption is D.

13. Ahouse on .56 of an acre at 7 Wall St. sold to Edwin A. Schreiner, Trustee of the Edwin A. Schreiner Living Trust u/d/t dated June 29, 2006, of Estero, Fla. from Edwin A. Schreiner of Nantucket, Mass. for $0. The property is assessed at $1,842,600. The land bank exemption is D.

6

14. A house on 3.0 acres at 69 Milestone Road sold to Edward F. King of Nantucket, Mass. from Tracy C. King of Nantucket, Mass. for $0. The property is assessed at $1,352,600. The land bank exemption is K. 15. Ahouse on .30 of an acre at 16 Mount Vernon St. sold to Anne P. Strain and Karen Strain Smythe, as Trustees u/a dated October 10, 2006, of Poughkeepsie, N.Y. from Anne P. Strain a/k/a Anne P. Wood of Poughkeepsie, N.Y. for $0. The property is assessed at $1,008,100. The land bank exemptions are C and D.

16. Timeshare intervals in Units A-5 in Building A, D-1 in Building D, A-5 in Building Aand A-1 in Building Aat Brant Point Courtyard Condominium on Swain Street sold to M. Patricia Sweezey, Trustee, of Weymouth, Mass. from M. Patricia Sweezey of Weymouth, Mass. for $0. The property's assessed value is unavailable. The land bank exemption is D.

17. Ahouse on .46 of an acre at 11 Mattapoisett Ave. sold to Albert J. Martin, Jr. of Warwick, R.I. from 11 Mattapoisett, LLC, of Warwick, R.I. for $0. The property is assessed at $2,495,300. The land bank exemption is C.

18. Dwellings, Units 599-1 and 599-2, at 11 Witherspoon Drive sold to Bayview Nominee Trust of Nantucket, Mass. from the Sanderling Corporation of Nantucket, Mass. for $0. The property's assessed value is unavailable. The land bank exemptions are J and F.

19. A house on .47 of an acre at 1 Spinnaker Circle sold to Richard A. Leland and Linda Jean Leland of Nantucket, Mass. from Richard A. Leland and Linda Jean Leland of Nantucket, Mass. for $0. The property is assessed at $827,300. The land bank exemption is C.

The Nantucket Islands Land Bank gained $368,144 in transfer tax fees for the week ending Jan. 27. For 2007, the Land Bank gained an estimated total of $1,534,972.92 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