PROPERTY TRANSFERS

6. Avacant lot, Lot 772, on Rosemary Way sold to Joao Carlos Moreira and Joelma Sahtler Moreira of Nantucket, Mass. from Mark S. Fleming of Nantucket, Mass. for $460,000. The property's assessed value is unavailable. The land bank fee is $9,200.

1. A house on .76 of an acre 13 C St. sold to Sarah F. Alger, as Trustee of MPB Nominee Trust of Nantucket, Mass. from The Madaket Property Partnership, LP, of Palestine, Texas for $4,150,000. The property is assessed at $3,115,900. The land bank fee is $83,000. 7. Acondominium unit, Unit 22, at 37K Old South Road sold to Summit Realty Trust of Nantucket, Mass. from Noworriesdude Nominee Trust of Nantucket, Mass. for $20,000. The property is assessed at $24,000. The land bank fee is $400.

8. A house on .62 of an acre at 55 Madaket Road sold to Sandra A. Urie, Trustee, Sandra A. Urie 2007 Irrevocable Income Trust dated December 31, 2007, of Winchester, Mass. from Sandra A. Urie of Winchester, Mass. for $0. The property is assessed at $1,406,100. The land bank exemptions are C and D.

9. A house on .55 of an acre at 15 Meadow Lane and .09 of an acre at 15 Rhode Island Ave. sold to Barbara Vigneau, Trustee of Barbara Vigneau Trust-2007 UDT 12/19/2007 of Nantucket, Mass. from Barbara Vigneau of Nantucket, Mass for $0. The properties are assessed at $1,329,600 and $1,005,000, respectively. The land bank exemption is D.

2. Ahouse on .38 of an acre at 2 Western Ave. sold to Heather M. Reisman of Toronto, Ontario, Canada from Arthur I. Reade, Jr., Trustee of Bilix Nominee Trust, of Nantucket, Mass. for $3,000,000. The property is assessed at $1,207,200. The land bank fee is $60,000. 10. Ahouse on .13 of an acre at 6 Mamack Lane sold to Barbara C. White, Trustee of the Barbara C. White Qualified Personal Residence Trust and Barbara C. White and Mary Alice Smolareck, Trustees of the Second Amendment and Restatement of Revocable Trust Agreement of Baltimore, Md. from Barbara C. White and William F. Blus, Trustees of the Revocable Trust Agreement dated 12/12/97 and Barbara C. White and William F. Blus, Trustees of the Second Amendment and Restatement of Revocable Trust Agreement dated 12/12/97 of Baltimore, Md. for $0. The property is assessed at $1,081,600. The land bank exemptions are D and E.

3. Vacant lots on .70 of an acre, 19.5 acres, 5.4 acres and 4.6 acres at 63 Madaket Road, 21 Crooked Lane, 67 Madaket Road and 71 Madaket Road, respectively, sold to Catherine E. Conte of Nantucket, Mass. from Hydrangea, LP, of Ft. Lauuderdale, Fla. for $2,250,000. The properties are assessed at $292,000, $1,890,500, $522,900 and $1,008,900, respectively. The land bank fee is $45,000 The Nantucket Islands Land Bank gained $204,828 in transfer tax fees for the week ending Jan. 19. For 2008, the Land Bank gained an estimated total of $1,202,985.61 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.

4. A house at 6 Kinikinnik Way sold to Justin R. Brooks and Sara A. Brooks of Nantucket, Mass. from Nantucket Homes for People, Inc., of Southborough, Mass. for $589,400. The property's assessed value is unavailable. The land bank fee is $3,788 and the exemption is M. NOTES ON EXEMPTIONS Many of the property transfers recorded with the Land Bank are exempt from the two 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

5. A house at 1 Field Ave. sold to Gary V. Wilson and Victoria P. Wilson of Nantucket from Nantucket Homes for People, Inc., of Southborough, Mass. for $572,000. The property's assessed value is unavailable. The land bank fee is $3,440 and the exemption is M. at 22 Broad St. I