PROPERTY TRANSFERS
7. Ahouse on a portion of .29 of an acre at 13AAmelia Drive sold to Micheal T. Fleischut and Jordana K Flieschut of Nantucket, Mass. from Lemberg and Son and Daughter, LLC, of Nantucket, Mass. for $710,000. The property is assessed at $1,554,000. The land bank fee is $14,200.

1. A house on 3.5 acres at 98 Tom Nevers Road sold to 98 Tom Nevers Road Realty Trust of Wellesley, Mass. from 98 Tom Nevers Road BLN, LLC, of Southborough, Mass. for $6,775,000. The property is assessed at $4,328,800. The land bank fee is $135,500.

8. Acondominium, Unit 2, on .23 of an acre at 2 Dennis Drive sold to Pilaiwan Wongsarak Manejit and Jirasek Manejit of Nantucket, Mass. from Elizabeth Harris of Nantucket, Mass. for $510,000. The property is assessed at $1,016,500. The land bank fee is $2,200 and the exemption is M.

9. A house at 5A Green Meadows sold to Jo Merrill Slavitz and Timothy D. Merrill of Nantucket, Mass. from Brian Harris and Elizabeth Harris of Nantucket, Mass. for $440,000. The property's assessed at value is unavailable. The land bank fee is $8,800.

2. A house on .93 of an acre at 4 Plover Lane sold to Scott Savitz of Charlestown, Mass. from Fargo Thompson of Chevy Chase, Md. for $3,520,000. The property is assessed at $2,948,700. The land bank fee is $70,400.

10. A house on .46 of an acre at 77 Somerset Road sold to Gary C. Pardee and Mary Katherine Hamilton of Cataumet, Mass. from Joanne E. Hamilton of Monmouth Beach, N.J. for $355,000. The property is assessed at $666,800. The land bank fee is $7,100.

11. Condominiums, Units 1, 2 and 3 on .24 of an acre at 15 Young's Way sold to Walter J. Glowacki of Nantucket, Mass. from Michael J. Wilson, Trustee, Cooper Up Realty Trust, of Nantucket, Mass. for $280,000. The property is assessed at $996,700. The land bank fee is $5,600.

12. Condominiums, Units 1, 2 and 3 on .24 of an acre at 15 Young's Way sold to Walter J. Glowacki of Nantucket, Mass. from Michael J. Wilson, Trustee, Cooper Up Realty Trust, of Nantucket, Mass. for $280,000. The property is assessed at $996,700. The land bank fee is $5,600.

13. Condominiums, Units 1, 2 and 3 on .24 of an acre at 15 Young's Way sold to Walter J. Glowacki of Nantucket, Mass. from Michael J. Wilson, Trustee, Cooper Up Realty Trust, of Nantucket, Mass. for $280,000. The property is assessed at $996,700. The land bank fee is $5,600.

3. A house on .58 of an acre at 44 Nonantum Ave. sold to Hokie Cougar, LLC, of Nantucket, Mass. from Eugene C. Stone, Trustee, of Nantucket, Mass. for $2,230,000. The property is assessed at $1,818,500. The land bank fee is $44,600.

14. Avacant lot on 2.3 acres on Wanoma Way sold to Fourteen Plus Twelve, LLC, of Nantucket, Mass. from Richard Williams and Imogen Sutton of Pembrokeshire, United Kingdom for $92,500. The property is assessed at $243,500. The land bank fee is $1,850.

15. A timeshare interval on .04 of an acre at 64 Arkansas Ave. sold to Lindsey Perry, Jr., Trustee of Five K Realty Trust of Nantucket, Mass. from Lindsey R. Perry, Jr., Managing Agent, Interval Association of Lot 458 Oakland Street, of Nantucket, Mass. for $1,000. The property is assessed at $363,400. The land bank fee is $20.

4. A house on .46 of an acre at 17 Meadow View Drive sold to George F. Knorps and Christine P. Knorps of Winnetka, Ill. from Welby C. Kuratek of Nantucket, Mass. for $1,875,000. The property is assessed at $1,665,000. The land bank fee is $37,500.

16. A house on .57 of an acre at 18 Sherburne Turnpike sold to Twin Oaks MP, LLC, of Wilmington, Del. from Donald P. Moriarty of Summit, N.J. for $10. The property is assessed at $1,775,300. The land bank exemption is C.

17. Ahouse on .53 of an acre at 18 Midland Ave. sold to Ilene R. Greenberg of Brookline (Chestnut Hill), Mass. from J. Michael Maynard and Ilene R. Greenberg of Brookline (Chestnut Hill), Mass. for $10. The property is assessed at $1,324,100. The land bank exemption is C.

18. Ahouse on 2.2 acres at 21 East Tristram Ave. sold to Carl S. Gewirz and Nancy H. Gewirz of Bethesda, Md. from Carl S. Gewirz and Nancy H. Gewirz, Trustees, of Bethesda, Md. for $1. The property is assessed at $8,036,600. The land bank exemption is D.

19. A house on .38 of an acre at 20 Winn St. sold to Bryan Friedman and Sandra Friedman as Trustee of the Friedman Family Trust of Laguna Beach, Calif. from Bryan Friedman as Trustee of the A.M. Santoro 2005 Revocable Trust of New York City, N.Y. for $1. The property is assessed at $1,111,200. The land bank exemption is E.

5. A house on .06 of an acre at 43 India St. sold to 43 India, LLC, of St. Louis, Mo. from Peter and Marjorie Roosevelt of Englewood, Calif. for $1,850,000. The property is assessed at $2,063,900. The land bank fee is $37,000.

20. A house on .48 of an acre at 52 Somerset Road sold to Daniel F. Kelliher of Nantucket, Mass. from Kenneth W. Holdgate, Executor, of Nantucket, Mass. for $1. The property is assessed at $957,800. The land bank exemption is B.

21. Ahouse on 1.1 acres at 21 Wigwam Road sold to Rylex Realty Trust (Daniel Saevitz and Suzanne Saevitz, Trustees), of Needham, Mass. from Daniel Saevitz and Suzanne Saevitz of Needham, Mass. for $0. The property is assessed at $2,344,500. The land bank exemption is D.

22. A house on .16 of an acre at 8 Milestone Road sold to Ganga V. Mukkavilli, Trustee of 8 Milestone Road Realty Trust of New York City, N.Y. from Mildred M. Daniels of Nantucket, Mass. for $0. The property is assessed at $1,490,200. The land bank exemption is D.

6. A house on 1.5 acres at 6 Flintlock Road sold to Santiago Holdings, LLC, of Greenwood Village, Colo. from Elizabeth A.C. Murray of Pennington, N.J. for $1,260,000. The property is assessed at $1,214,400. The land bank fee is $25,200.

23. A house on .58 of an acre at 12 Ahab Drive sold to Ann D. Marvin, Trustee of the Ann D. Marvin Revocable Trust, of Summit, N.J. from Dennis C. Marvin and Ann D. Marvin of Summit, N.J. for $0. The property is assessed at $1,690,900. The land bank exemption is D.

24. A vacant lot on 1.1 acres at 50 Weweeder Ave. sold to Ellery B. Woodworth of Stevenson, Md. from Harriet W. Koch, Trustee of Morrow Realty Trust of Pasadena, Calif. for $0. The property is assessed at $1,013,400. The land bank exemption is D.

25. A vacant lot on 1.1 acres at 50 Weweeder Ave. sold to Neil J. Ruther, Trustee of the Ellery Woodworth Nantucket Trust of Towson, Md. sold to Ellery B. Woodworth of Stevenson, Md. for $0. The property is assessed at $1,013,400. The land bank exemption is C.

26. A house on .07 of an acre at 4 Sunset Hill Lane sold to Robert Atlee of Nantucket, Mass. from James K. Glidden, Executor, Estate of Kenneth Baird, of Nantucket, Mass. for $0. The property is assessed at $1,247,200. The land bank exemption is E.

27. A house on .14 of an acre at 12 Pochick St. sold to Richard W. Stockton and Barbara B. Stockton of Summit, N.J. from Richard W. Stockton and Barbara B. Stockton of Summit, N.J. for $0. The property is assessed at $1,528,300. The land bank exemption is C.

28. A house on .14 of an acre at 12 Pochick St. sold to Richard W. Stockton, Trustee of Barbara B. Stockton Massachusetts Qualified Personal Residence Trust of Summit, N.J. from Richard W. Stockton and Barbara B. Stockton of Summit, N.J. for $0. The property is assessed at $1,528,300. The land bank exemption is C.

29. A house on .14 of an acre at 12 Pochick St. sold to Barbara B. Stockton and Sallie Stockton Bunn, Trustees, Richard W. Stockton Massachusetts Qualified Personal Residence Trust of Summit, N.J. from Richard W. Stockton and Barbara B. Stockton of Summit, N.J. for $0. The property is assessed at $1,528,300. The land bank exemption is C.

30. A timeshare at 15 Swain St. sold to John R. Dzierzeski of South Weymouth, Mass. from Alice R. Dzierzeski of East Bridgewater, Mass. for $0. The property's assessed value is unavailable. The land bank exemption is K.

31. A house on .26 of an acre at 161 Orange St. sold to The Joan J. Fisher Trust, Charles W. Fisher and Joan J. Fisher, Trustees, of Nantucket, Mass. from Charles W. Fisher and Joan J. Fisher of Nantucket, Mass. for $0. The property is assessed at $1,118,900. The land bank exemption is D.

32. A business at 58C Main St. sold to Narwahl Development, LLC, of Nantucket, Mass. from Casey C. Roberts and Garret Roberts of East Greenwich, R.I. for $0. The property is assessed at $1,196,800. The land bank exemptions are C and B. 33. Ahouse on .86 of an acre at 25 Quidnet Road sold to the Gloria R. Mellin Living Trust Agreement Dated April 4, 2007, of Orleans, Mass. from Gloria R. Mellin of Orleans, Mass. for a nominal amount. The property is assessed at $2,268,800. The land bank exemption is D.

34. A vacant lot on .24 of an acre at 28 Bartlett Road sold to Cees K. Campbell of Nantucket, Mass. from Ernest Wayne Campbell and Johanna Campbell of Nantucket, Mass. for $0. The property is assessed at $413,500. The land bank exemption is C.

35. Ahouse on .25 of an acre at 151 Polpis Road sold to Phillip F. Stambaugh, Trustee, Beverly T. Stambaugh, Trustee, of Nantucket, Mass. from Phillip F. Stambaugh and Beverly T. Stambaugh of Nantucket, Mass. for $0. The property is assessed at $1,651,000. The land bank exemption is C.

36. Ahouse on .25 of an acre at 153 Polpis Road sold to Phillip F. Stambaugh, Trustee, Beverly T. Stambaugh, Trustee, of Nantucket, Mass. from Phillip F. Stambaugh and Beverly T. Stambaugh of Nantucket, Mass. for $0. The property is assessed at $2,556,300. The land bank exemption is C.

37. A house on .88 of an acre at 30 Main St., Siasconset, Mass. from Robert H. Ried and Susan I. Ried, Trustees of Sursum Corda Realty Trust of Palm City, Fla. from Robert H. Ried and Susan I. Ried of Palm City, Fla. for $0. The property is assessed at $2,901,500. The land bank exemption is D.

38. Ahouse on .49 of an acre at 10 Luff Road sold to Claudia K Dhar of Nantucket, Mass. from Ravinder M. Dhar of Mumbai, India for $0. The property is assessed at $1,087,000. The land bank exemption is K.

39. A house on .07 of an acre at 4 Farmer St. sold to Helen Joan Badie, Trustee of HJB Nominee Trust of Palos Verde Estates, Calif. from Helen Joan Badie of Palos Verde Estates, Calif. for $0. The property is assessed at $2,000,000. The land bank exemption is D.

The Nantucket Islands Land Bank gained $401,170 in transfer tax fees for the week ending June 23. For 2007, the Land Bank gained an estimated total of $6,417,989.70 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.