PROPERTY TRANSFERS
March 19, 2007 - March 23, 2007
1. A vacant lot on 8.8 acres at 36 Burnell St. sold to John A. Keane, Trustee of Burnell Street Nominee Trust of Nantucket, Mass. from the Estate of Anita Coffin Dammin c/o Choate, Hall & Stewart, LLP, of Boston, Mass. for $11,000,000. The property is assessed at $3,656,200. The land bank fee is $220,000.

1

2. A house on .08 of an acre at 47 Fair St. sold to John M. DeCiccio, Trustee, The DeCiccio Realty Trust, of Boston, Mass. from Nicole F. L. Stroh, Trustee, 47 Fair Street Nominee Trust of Grosse Point Farms, Mich. for $2,650,000. The property is assessed at $1,880,400. The land bank fee is $53,000.

3. A house on .71 of an acre at 7 Poor Richard's Way sold to Jeffrey W. and Tamara R. Munk of Washington, D.C. from Ellen Valentgas of Osterville, Mass. for $2,296,000. The property is assessed at $1,140,500. The land bank fee is $45,920.

4. A house on .94 of an acre at 83 Burnell St. sold to Eighty Three Burnell Street Realty Trust of Pittsburgh, Pa. from Charles W. Fleischman and Martha P. Fleischman of Fairfield, Conn. for $2,210,000. The property is assessed at $1,718,600. The land bank fee is $44,200.

2

5. A vacant lot, Lot 27, on Old Westmoor Farm Road sold to Clair F. Salvatore of Stamford, Conn. from Nantucket Westmoor Farms, LLC, of Cabin John, Md. for $2,000,000. The property's assessed value is unavailable. The land bank fee is $40,000.

6. A house at 27B Essex Road sold to Jesus and Jorere Partida of Nantucket, Mass. from Michael J. Alpert of Nantucket, Mass. for $400,000. The property's assessed value is unavailable. The land bank exemption is M.

7. A house at 19 Essex Road sold to Pledged Property II, LLC c/o Litton Loan Servicing of Houston, Texas from Credit Based Asset Servicing & Securitization, LLc, c/o Litton Loan Servicing of Houston, Texas for $360,000. The property's assessed value is $462,100. The land bank exemption is H.

8. A house on .31 of an acre at 131 Wauwinet Road sold to Jeffrey H. Johnston, Trustee of Jeffrey H. Johnston Trust of Buellton, Calif. from Ann Johnston Bruett of Westfield, N.J. for $270,000. The property is assessed at $1,558,700. The land bank fee is $5,400.

9. A timeshare period, Interval 1 on Starbuck Road sold to Richard A. Campbell, Joan M. Campbell, Pamela Campbell Messenger and James Ben Messenger of Boxford, Mass. from Donald H. Zuckerman and Donna E. Zuckerman of North Hampton, Mass. for $5,000. The property's assessed value is unavailable. The land bank fee is $100.

3

10. A house on .05 of an acre at 1 Galen Ave. sold to Leslie King Grenier and Bart A. Grenier, Trustees of the Frog Manor Nominee Trust, of Boston, Mass. from Leslie King Grenier of Boston, Mass. for $1. The property is assessed at $1,283,200. The land bank exemption is D.

11. A house on 1.8 acres at 37 Eel Point Road (a/k/a 3 Huckleberry Lane) sold to Bart A. Grenier and Leslie King Grenier, Trustees of the Grey Goose Nominee Trust of Boston, Mass. from Bart A. Grenier of Boston, Mass. for $1. The property is assessed at $5,866,200. The land bank exemption is D. 12. A house on .31 of an acre at 131 Wauwinet Road sold to Jeffrey H. Johnston, Trustee of Jeffrey H. Johnston Trust of Buellton, Calif. from Jeffrey H. Johnston of Buellton, Calif. for $0. The property is assessed at $1,558,700. The land bank exemption is D.

4

13. A house on .19 of an acre at 23 Tashama Lane sold to Susan E. Fitzgerald of Northborough, Mass. from NSHE Hickory Hills, LLC, of Phoenix, Ariz. for $0. The property is assessed at $791,400. The land bank exemption is D.

14. A house on 2.7 acres at 1 Chase Lane sold to Darren R. Legge and Katherine M.T. Legge as tenants in common of Nantucket, Mass. from Darren R. Legge and Katherine M.T. Legge of Nantucket, Mass. for $0. The property is assessed at $1,632,000. The land bank exemption is C.

The Nantucket Islands Land Bank gained $408,620 in transfer tax fees for the week ending March 24. For 2007, the Land Bank gained an estimated total of $3,257,903.39 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