PROPERTY TRANSFERS
TRANSFERS July 2, 2007 - July 6, 2007
1. A house on 17.5 acres on Tuckernuck Island sold to Ernest C. Parizeau, Trustee of Coffin Collins Parizeau Tuckernuck Nominee Trust of Wellesley Hills, Mass. from Heath Family, LLC of Nantucket, Mass. for $2,500,000. The property is assessed at $1,986,900. The land bank fee is $50,000. 2. A house on .10 of an acre at 25 Orange St. sold to Thomas B. Lewis, Jr. of New Canaan, Conn. from A. Peter Guarino and Paul E. Willer of Nantucket, Mass. for $2,075,000. The property is assessed at $2,953,100. The land bank fee is $41,500. 3. A house on 1.5 acres at 1 Wood Hollow Road sold to Stephen Jaeger, Trustee of Wood Hollow Nominee Trust of Old Greenwich, Conn. from Scott C. Atkins and Cary W. Atkins of Nantucket, Mass. for $1,800,000. The property is assessed at $1,113,500. The land bank fee is $36,000. 4. A house on .12 of an acre at 2 New Dollar Lane sold to Arthur I. Reade, Jr., Trustee of Two New Dollar Lane Nominee Trust of New York City, N.Y. from Arthur E. Butler and Martha L. Butler of Nantucket, Mass. for $1,650,000. The property is assessed at $1,821,400. The land bank fee is $33,000.

1

5. A vacant lot on 1.8 acres at 137 Hummock Pond Road sold to Jason and Natasha Harman of Nantucket, Mass. from Robert. W. McGrady of Nantucket, Mass. for $1,320,000. The property is assessed at $960,700. The land bank fee is $26,400.

2

6. A house on .71 of an acre at 8 Westerwyck Way sold to Stephen G. Maloney of Nantucket, Mass. from Elizabeth A. Coletti of Newtown, Conn. for $680,000. The property is assessed at $1,255,600. The land bank fee is $13,600.

7. A condominium, Unit B, at 2 Thurston's Way sold to Paula McQuaid of Nantucket, Mass. from DJK Management, LLC, of Wellesley, Mass. for $585,000. The property's assessed value is unavailable. The land bank fee is $11,700. 8. A cooperative at 25D Daffodil Lane sold to Matthew Stein of Nantucket, Mass. from 25 Daffodil Lane Cooperative of Nantucket, Mass. for $532,000. The property's assessed value is unavailable. The land bank fee is $10,640.

9. Ahouse on .16 of an acre at 29 South Cambridge St. sold to Seth Collette of Nantucket, Mass. from Douglas and Patricia Heller of Glenford, N.Y. The property is assessed at $468,500. The land bank fee is $1,500 and the exemption is M.

3

10. A timeshare period, Interval 5 in Unit B at 30 Centre St. sold to James R. Tallman and Carl D. Eisenmann, Trustees of Mariner House Condominium Association Realty Trust of Nantucket, Mass. from Resort Realty Group Limited of Hyannis, Mass. for $4,610.62. The property's assessed value is unavailable. The land bank fee is $92.21.

11. A house on 4.0 acres at 332 Polpis Road sold to Judith Kemon Beamish Realty Trust of Nantucket, Mass. from Judith Kemon Beamish of Nantucket, Mass. for less than $100. The property is assessed at $2,874,700. The land bank exemption is D.

12. A house on .39 of an acre at 11 Starbuck Road sold to 11 Starbuck Road, LLC, a Massachusetts limited liability company, of Nantucket, Mass. from Gregory R. Dousa and Elizabeth S. Dousa of Scituate, Mass. for less than $100. The property is assessed at $930,900. The land bank exemption is I.

13. A house on .58 of an acre on Coatue sold to Robert M. Butler of Nantucket, Mass. from Arthur E. Butler and Martha L. Butler of Nantucket, Mass. for $1. The property is assessed at $82,300. The land bank fee exemption is C.

4

14. A condominium at 39B Essex Road sold to David W. Daniels of Nantucket, Mass. from Heather M. Duval of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is C.

15. A house on .18 of an acre at 18 Priscilla Lane sold to Grier B. Miller and Jacqueline M. Miller, Trustees of the Grier and Jacqueline Mille Nominee Trust u/a April 26, 2007 of Lenox, Mass. from Grier B. Miller and Jacqueline M. Miller of Lenox, Mass. for $1. The property is assessed at $1,103,100. The land bank exemption is D. 16. A house on 1.02 acres and 1.04 acres at 55 Fairgrounds Road and 10 Parker Lane, respectively, sold to Margaret G. Feindel of Williamson, N.Y. from David A. Feindel and Margaret G. Feindel of Williamson, N.Y. for $0. The properties are assessed at $658,600 and $714,700. The land bank exemption is B.

17. A house on 1.02 acres and 1.04 acres at 55 Fairgrounds Road and 10 Parker Lane, respectively, sold to David A. Feindel and Margaret G. Feindel of Williamson, N.Y. from Margaret G. Feindel of Williamson, N.Y. for $0. The properties are assessed at $658,600 and $714,700. The land bank exemption is B.

5

18. A house on .29 of an acre at 117 Pleasant St. sold to Theresa M. Davis, Trustee of Theresa M. Davis Family Trust 2006 of Nantucket, Mass. from Theresa M. McGrady, Trustee, the Theresa M. McGrady Trust of Nantucket, Mass. for $0. The property is assessed at $1,717,300. The land bank exemption is D.

19. Ahouse on .46 of an acre at 18 Meadow View Drive sold to Jeanne W. Riggs, Trustee of 18 Meadow View Drive Nominee Trust of Nantucket, Mass. from Jeanne W. Riggs of Nantucket, Mass. for $0. The property is assessed at $1,497,000. The land bank exemption is D.

20. A house on .14 of an acre at 6 West Creek Road sold to John A. Keane, Trustee of 6 West Creek Road Nominee Trust of Nantucket, Mass. from John A. Keane, Caroline Montgomery, and Caroline Montgomery, Trustee of 8 West Creek Road Nominee Trust of Nantucket, Mass. for $0. The property is assessed at $631,200. The land bank exemption is C.

21. A house on 17.5 acres on Tuckernuck Island sold to the Heath Family Trust, LLC, of Nantucket, Mass. from Susan B. Heath, Trustee of the Heath Family Trust of Pound Ridge, N.Y. for $0. The property is assessed at $1,986,900. The land bank exemption is I.

22. Ahouse on .46 of an acre at 25 Daffodil Lane sold to the 25 Daffodil Lane Cooperative of Nantucket, Mass. from Sam R. Costanzo and Lucy M. Costanzo of Branford, Conn. for $0. The property is assessed at $1,421,600. The land bank exemption is I.

23. A cooperative at 25A Daffodil Lane sold to Sam R. Costanzo and Lucy M. Costanzo of Branford, Conn. from 25 Daffodil Lane Cooperative of Nantucket, Mass. for $0. The property's assessed value is unavailable. The land bank exemption is I.

24. A house on .28 of an acre at 13 Miacomet Ave. sold to Paul D. and Monique B. Clarkson of Nantucket, Mass. from Paul D. and Monique B. Clarkson of Nantucket, Mass. for $0. The property is assessed at $853,200. The land bank exemption is C.

The Nantucket Islands Land Bank gained $224,432.21 in transfer tax fees for the week ending July 7. For 2007, the Land Bank gained an estimated total of $6,729,831.91 in transfer fees. Land bank income is derived mostly from the collection of a twopercent 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