Dec. 3, 2007 ~ Dec. 7, 2007
8. A house on .27 of an acre at 35 Tashama Lane sold to Lawrence E. Belka, Jr. and Maebh F. Brown of Nantucket, Mass. from Valerie R. D'Ambrosio and Michael Young of Nantucket, Mass. for $825,000. The property is assessed at $844,000. The land bank fee is $16,500.

9. A house at 2A Folger Ave. sold to Louis Salter and Paula Salter of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $572,000. The property's assessed value is unavailable. The land bank fee is $11,440.

10. A house at 6 Sasemin Way sold to Brian A. McWade and Randy S. McWade of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $242,000. The property's assessed value is unavailable. The land bank exemption is M. 11. Timeshare periods, Intervals 1F and 2F on a portion of 7 Midland Ave. sold to Lindsey Perry, Jr Trustee of Five K. Realty Trust of Nantucket, Mass. from John Ibberson and Geraldine Ibberson of Madison, Conn. for $28,000. The property's assessed value is unavailable. The land bank fee is $560.

12. Timeshare periods, Intervals 4 and 5 on a portion of 256 Madaket Road sold to The Tristram's Group, Inc., of Nantucket, Mass. from Jean H. Thomas of Vero Beach, Fla. for $10,000. The property's assessed value is unavailable. The land bank fee is $200.

13. A timeshare period, Interval 15 on a portion of 256 Madaket Road sold to The Tristram's Group, Inc., of Nantucket, Mass. from Jean H. Thomas of Vero Beach, Fla. for $5,000. The property's assessed value is unavailable. The land bank fee is $100.

14. A house, Unit 3, at 95 Orange St. sold to Christopher W. Jordan and Nancy M. Jordan, Trustees of the Christopher William Jordan Living Trust u/d/t dated November 8, 2007, of Charlestown, Mass. from Christopher W. Jordan of Charlestown, Mass. for less than $100. The property is assessed at $395,800. The land bank exemption D.

15. A vacant lot on .24 of an acre at 40 1/2 Essex Road sold to Andrew V. Vorce of Nantucket, Mass. from Duane G. Vorce and Andrew V. Vorce of Nantucket, Mass. for $1. The property is assessed at $966,800. The land bank exemption is C.

2. Ahouse on 5.2 acres at 100 Tom Nevers Road sold to Michael Chisek of Washington, D.C. from Nevers 100, LLC, of Wellesley, Mass. for $4,750,000. The property is assessed at $6,417,000. The land bank fee is $95,000.

16. A house on .09 of an acre at 11 Washington Ave. sold to Jane E. Hobson-Dupont, Trustee of the Jane E. Hobson-Dupont Trust 2007 UDT and Jack Hobson-Dupont, Trustee of The Jack Hobson-Dupont Trust 2007 UDT of Nantucket, Mass. from Jack Hobson-Dupont and Jane E. Hobson- Dupont of Nantucket, Mass. for $0. The property is assessed at $945,100. The land bank exemption is D.

17. A house on .55 of an acre at 65 Cato Lane sold to Jonathan Yarmy of Nantucket, Mass. from Kathy J. Yarmy of Cape Coral, Fla. for $0. The property is assessed at $710,900. The land bank exemption is C.

18. A house on .68 of an acre and .65 of an acre at 26 Grove Lane and 28 Grove Lane, respectively, sold to Mary Ann Meyers, Trustee of Meyers Family Nominee Trust of Wynnewood, Pa. from Mary Ann Meyers of Wynnewood, Pa. for $0. The properties are assessed at $102,500 and $1,540,000, respectively. The land bank exemption is D.

3. A house on 6.7 acres at 24 Almanack Pond Road sold to LL Land, LLC, of Boston, Mass. from Rita Robert of Boston, Mass. for $2,851,000. The property is assessed at $3,710,100. The land bank fee is $57,000.

19. A house on .13 of an acre at 10 Pilgrim Road sold to Mark F. Murphy, Trustee of Mary C. Shea Charitable Remainder Unitrust u/a/d+d August 4, 2007, of Wellesley, Mass. from Mary C. Shea c/o Law Office of Mark F. Murphy of Wellesley, Mass. for $0. The property is assessed at $1,135,900. The land bank exemption is D.

20. A vacant lot on .34 of an acre at 27 Sheep Pond Road sold to the Nantucket Beach Foundation, Inc. of East Berlin, Conn. from Charles and Carolyn Warner of Lyme, Conn. for $0. The property is assessed at $240,700. The land bank exemption is G.

21. Avacant lot on 1.34 acres at 25 Sheep Pond Road sold to the Nantucket Beach Foundation, Inc. of East Berlin, Conn. from Charles and Carolyn Warner of Lyme, Conn. for $0. The property is assessed at $813,100. The land bank exemption is G.

4. A house on .12 of an acre at 23B Union St. sold to Marianne Hanley, Trustee of Miscia Nominee Trust of Nantucket, Mass. from Bridgewater Partners, LLC, of Danbury, Conn. for $2,000,000. The property is assessed at $2,188,000. The land bank exemption is H.

The Nantucket Islands Land Bank gained $382,602.50 in transfer tax fees for the week ending Dec. 8. For 2007, the Land Bank gained an estimated total of $15,729,344.91 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 firsttime property buyers (applies to the first $400,000).

5. Ahouse on 1.8 acres at 4 Wamasquid Place sold to Sylvia S. Getman and Margaretta S. Andrews, Trustee of Wamasquid Place Nominee Trust of Nantucket, Mass. from William Obremski and Audrey Obremski of Nantucket, Mass. for $1,795,000. The property is assessed at $1,683,300. The land bank fee is $7,100 and the exemption is G.

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

6. Ahouse on .23 of an acre at 80 Sankaty Road sold to Kevin C. Werle and Wendy E. Werle of West Simsbury, Conn. from Ann-Charlotte Ljung Krantz of Bonita Springs, Fla. for $1,450,000. The property is assessed at $2,007,400. The land bank fee is $29,000. 7. A house on .13 of an acre at 11 Curlew Court sold to Richard T. Gammons and Amy D. Gammons of Nantucket, Mass. from F. Peter Artz of New Egypt, N.Y. for $885,125. The property is assessed at $885,600. The land bank fee is $17,702.