PROPERTY TRANSFERS
Oct. 8, 2007 ~ Oct. 12, 2007

1. A house on 1.4 acres at 3 Harbor View Drive sold to Three Harbor View Drive, LLC, of Boston, Mass. from Seaport Corporation of Newburyport, Mass. for $9,166,500. The property is assessed at $3,475,400. The land bank fee is $183,330.

8. A house on .32 of an acre at 13 Mary Ann Drive sold to Maytanwee Thairat and Maturod Thairat of Nantucket, Mass. from Kathryn L. Glidden of Nantucket, Mass. for $620,000. The property is assessed at $808,500. The land bank fee is $4,400 and the exemption is M. 9. A house at 5A Field Ave. sold to Beth C. Maier of Nantucket, Mass. from Nantucket Homes for People, Inc., of Southborough, Mass. for $583,848. The property's assessed value is unavailable. The land bank fee is $11,676.96. 10. Ahouse on 17 1/2 Miacomet Ave. sold to Bazhen Lapenko of Nantucket, Mass. from Lorin M. Clarkson of West Yarmouth, Mass. for $490,000. The property's assessed value is unavailable. The land bank fee is $9,800.

11. A house on .48 of an acre at 7 Hedgebury Lane sold to Lia and Michael Humphrey of Nantucket, Mass. from North View Realty, LLC, of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is J.

2. A house on 1.8 acres at 5 Huckleberry Lane sold to John D. Loughborough and Kerryanne Loughborough of Wellesley, Mass. from William V. Haddon of Nantucket, Mass. for $7,318,000. The property is assessed at $5,418,800. The land bank exemption is B.

12. Ahouse on .19 of an acre at 55 and 55R North Liberty St. sold to Paula M. D'Ambra, Trustee of the Paula M. D'Ambra Revocable Trust-2007 of Barrington, R.I. from Gary D'Ambra and Paula M. D'Ambra of Nantucket, Mass. for $0. The property is assessed at $1,308,800. The land bank exemption is C.

13. A house on .79 of an acre at 29 Long Pond Drive sold to Antonio Blasi, Lisa McNanna, John Blasi and John Blasi, Trustees of the Blasi, L.M. and J.B. Realty Trust of Marblehead, Mass. from Antonio Blasi of Marblehead, Mass. for $0. The property is assessed at $1,188,600. The land bank exemption is C.

14. A house on 1 acre at 55 Hummock Pond Road sold to Ralph Gasparello Revocable Living Trust of Hingham, Mass. from the Estate of Joan R. Gasparello of Hingham, Mass. for $0. The property is assessed at $1,027,800. The land bank exemption is D.

3. A business and a vacant lot on .03 of an acre and .07 of an acre at 47 and 47R Main St., respectively, sold to The One 2744, LLC, of Nantucket, Mass. from 47 Main Street, LLC, of Nantucket, Mass. for $4,500,000. The properties are assessed at $4,892,100 and $1,106,400, respectively. The land bank fee is $90,000.

15. A house on .12 of an acre at 15 Pine Tree Road sold to Jessica B. Sosebee of Nantucket, Mass. from Leslie B. Woodson and Jessica B. Sosebee of Nantucket, Mass. for $0. The property is assessed at $841,500. The land bank exemption is F. 16. A house on .12 of an acre at 15 Pine Tree Road sold to Leslie B. Woodson of Nantucket, Mass. from Leslie B. Woodson and Jessica B. Sosebee of Nantucket, Mass. for $0. The property is assessed at $841,500. The land bank exemption is F.

17. A house on 2 acres at 2 Morgan Square sold to Patricia C. Calabrese and Steven V. Calabrese (change of tenancy), of Nantucket, Mass. from Patricia C. Calabrese and Steven V. Calabrese (change of tenancy), of Nantucket, Mass. for $0. The property is assessed at $2,789,500. The land bank exemption is B.

Huntington Bay, N.Y. for $3,175,000. The property is assessed at $1,303,800. The land bank fee is $63,500.

The Nantucket Islands Land Bank gained $460,906.96 in transfer tax fees for the week ending Oct. 13. For 2007, the Land Bank gained an estimated total of $13,058,860.40 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.

5. A condominium, Unit 5D, on Stone Barn Way sold to Richard L Huntt, Jr. and Lisa A. LaFrance of Natick, Mass. from Michael Reitermann of Nantucket, Mass. for $2,310,000. The property is assessed at $1,612,000. The land bank fee is $46,200,

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).

6. A house on .42 of an acre at 7 Williams St. sold to Paul S. Rizzo and Cheryl A. Rizzo of Middlefield, Conn. from G. Morgan Browne, III and Ellen E. Browne of Nantucket, Mass. for $1,355,000. The property is assessed at $868,700. The land bank fee is $27,100.

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

7. A house on .14 of an acre at 70 Orange St. sold to Douglas R. Hiscano and Kimberly L. Hiscano of Basking Ridge, N.J. from Truman D. Boyes of Wall, N.J. for $1,245,000. The property is assessed at $1,675,100. The land bank fee is $24,900.