PROPERTY TRANSFERS
April 30, 2007 - May 4, 2007
1. Ahouse on 2.6 acres at 67 Pocomo Road sold to Martin and Susan Wayne of Bedford Hills, N.Y. from Harriet Plavoukos of New Canaan, Conn. for $8,350,000. The property is assessed at $8,177,100. The land bank fee is $167,000. 2. A house on 1.6 acres at 22 Wigwam Road sold to Donald P. Winters and Margaret Vail Winters of Wilton, Conn. from Janelle Lynn Oveson of Sherborn, Mass. for $2,985,000. The property is assessed at $1,601,600. The land bank fee is $59,700. 3. A house on .31 of an acre at 13 North Liberty St. sold to George J. Smith and June M. Smith of Nantucket, Mass. from James E. Worth, Jr. and Heidi Worth of Franklin, Mass. for $1,695,000. The property is assessed at $1,871,100. The land bank fee is $33,900.

4. A house on .24 of an acre at 3 Rusty's Way sold to Kevin M. McGarvey and Mark A. McGarvey of Nantucket, Mass. from Francis McGarvey and Dorothy McGarvey of Nantucket, Mass. for

900,000. The property is assessed at $819,000 and the exemption is C. 5. A house on .23 of an acre at 27 Appleton Road sold to Jivko V. Kalpazanova and Anna Kalpazanova of Nantucket, Mass. from David J. Ryan, III of Nantucket, Mass. for $862,500. The property is assessed at $845,600. The land bank fee is $17,250. 6. A house on .23 of an acre at 10 Allen's Lane sold to Voyvoda, LLC, of Nantucket, Mass. from Michael A. Glowacki of Nantucket, Mass. for $758,000. The property is assessed at $816,800. The land bank fee is $15,160. 7. A house on .15 of an acre at 3 Gold Star Drive sold to Alexander H. Glasgow and Cynthia A. Glasgow of Rochester, Mass. from Elliot Sylvia, Jr. of Nantucket, Mass. for $632,000. The property is assessed at $654,600. The land bank fee is $12,640.

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8. A house on .14 of an acre at 11A Pine Tree Road sold to Napolean E. Landaverde and Kristen M. Landaverde of Nantucket, Mass. from Michael Merrill of West Palm Beach, Fla. for $600,000. The property is assessed at $699,200. The land bank fee is $4,000 and the exemption is M.

9. A house on .19 of an acre at 19B Essex Road sold to Pavlin Vitanov and Bogdana Krachunova of Nantucket, Mass. from Accredited Home Lenders, Inc. of San Diego, Calif. for $385,000. The property's assessed value is unavailable. The land bank exemption is M.

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10. A house at 39B Essex Road sold to Heather M. Duval of Nantucket, Mass. from Kristopher M. Feeney and Hu Yu aka Daisy Hu Feeney of Nantucket, Mass. for $380,000. The property's assessed value is unavailable. The land bank exemption is M.

11. A vacant lot on 2.7 acres at 10 and 12 Driscoll Way sold to James Michael Driscoll, II and Carol Jo Driscoll, Trustees of the Driscoll Family Realty Trust, dated April 23, 2007, of Nantucket, Mass. from James M. Driscoll, II of Nantucket, Mass. for $100. The property is assessed at $1,031,400. The land bank exemption is D. 12. A house on 3.4 acres at 2 and 4 Driscoll Way sold to James Michael Driscoll, II and Carol Jo Driscoll, Trustees of the Driscoll Family Living Trust, dated April 23, 2007, of Nantucket, Mass. from James M. Driscoll, II and Carol Jo Driscoll of Nantucket, Mass. for $100. The property is assessed at $1,393,100. The land bank exemption is D.

13. A house on .13 of an acre at 66 Easton St. sold to John Goulet and Karen Goulet, Trustees of JKG Nominee Trust of Wellesley, Mass. from John E. Goulet and Karen B. Goulet of Wellesley, Mass. for less than $100. The property is assessed $1,654,700. The land bank exemption is D.

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14. A house on .13 of an acre at 11 Lily St. sold to Geraldine P. Scheide and Richard G. Scheide, Trustees of the 11 Lily Street Realty Trust of Nantucket, Mass. from Geraldine P. Scheide of Nantucket, Mass. for $1. The property is assessed at $2,243,500. The land bank exemption is D.

15. A house on .49 of an acre on a portion of 12 Surfside Drive sold to Linda Aguiar of Nantucket, Mass. from David J. Aguiar of Nantucket, Mass. for $0. The property is assessed at $1,075,100. The land bank exemption is K.

16. A house on .49 of an acre on a portion of 12 Surfside Drive sold to David J. Aguiar of Nantucket, Mass. from Linda Aguiar of Nantucket, Mass. for $0. The property is assessed at $1,075,100. The land bank exemption is K.

17. A house on .08 of an acre at 3 Eagle Lane sold to Bonnie L. Watkins, Laurie E. Hays, Lewis S. Hays and Peter M. Hays of Marblehead, Mass. from David S. Hays and Bonnie L. Watkins, Trustees of Hays Family Nominee Trust of Croton-on-Hudson, N.Y. for $0. The property is assessed at $1,288,800. The land bank exemption is D.

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18. Ahouse on .10 of an acre at 12 Mt. Vernon St. sold to Ford A. Fraker and Linda M. Fraker of Boston, Mass. from Ford A. Fraker of Boston, Mass. for $0. The property is assessed at $1,133,400. The land bank exemption is C.

19. A vacant lot at 2 The Captains Lane sold to Jeremiah J. Harris, Trustee, of Armonk, N.Y. from Richard J. Glidden, Trustee, 2 The Captains Lane Realty Trust of Nantucket, Mass. for $0. The property's assessed value is unavailable. The land bank exemption is D.

20. A condominium unit at 19B Essex Road sold to Accredited Home Lenders, Inc. of San Diego, Calif. from Pledged Property II, LLC, of Houston, Texas for $0. The property's assessed value is unavailable. The land bank exemption is B.

21. A house .68 of an acre at 30 Grove St. sold to The Alexander Bober, Jr. Trust u/a dated 4/16/2007 and The Judith A. Bober Trust, a/a dated 4/16/2007, of Cranford, N.J. from Alexander Bober, Jr. and Judith A. Bober of Cranford, N.J. for $0. The property is assessed at $1,388,400. The land bank exemption is D.

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The Nantucket Islands Land Bank gained $309,650 in transfer tax fees for the week ending May 5. For 2007, the Land Bank gained an estimated total of $1,095,504.13 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).

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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.

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org. Or visit the office at 22 Broad St. I