Jan. 28, 2008 ~ Feb. 1, 2008

4. A house on .65 of an acre at 17 Hinckley Lane sold to Edward K. Mills, Trustee of the Edward K. Mills, III Trust dated November 2, 2005, of West Lake Hills, Texas from Edward K. Mills, II of Austin, Texas for $300,000. The property is assessed at $2,981,700. The land bank fee is $6,000.

1. A house on .08 of an acre at 15 Union St. sold to Michael Reitermann of Hoffman Estates, Ill. from Richard R. Wackenhut of Jupiter, Fla. for $3,300,000. The property is assessed at $2,397,600. The land bank fee is $66,000. 5. A townhouse on .13 of an acre at 39 Cambridge St. sold to Dorothy Anne Hurd of Southborough, Mass. from AB Partners (a/k/a Ab Partners) of Greenwich, Conn. for $125,000. The property is assessed at $466,300. The land bank fee is $2,500.

6. A timeshare interval at Brant Point Courtyard Condominium on Swain Street sold to Judith Widger of Yarmouthport, Mass. from Susan Vaughan of Cohasset, Mass. and Sheila Carney of Plymouth, Mass. for $3,000. The property's assessed value is unavailable. The land bank fee is $60.

7. A house on 3.8 acres at 49 Red Barn Road sold to Abbott D. Weiss of Harvard, Mass. from Abbott D. Weiss and Barbara H. Weiss of Harvard, Mass. for $1. The property is assessed at $2,869,100. The land bank exemption is C.

2. A house on .13 of an acre at 44 Pine St. sold to Dorset Realty Corporation of Newburyport, Mass. from Laurel Ann Reed of Nantucket, Mass. for $1,325,000. The property is assessed at $1,774,200. The land bank fee is $26,500. 8. A house on .75 of an acre at 54 Lovers Lane sold to Janice Davis, Trustee of the Janice M. Davis Revocable Trust of Nantucket, Mass. from Janice M. Davis of Nantucket, Mass. for $1. The property is assessed at $960,300. The land bank exemption is D. 9. A house on 1.8 acres at 6 Walbang Ave. sold to Susan E. Whitehead of Boston, Mass. from Mitchel B. Sayare of Boston, Mass. for $1 and per judgment of divorce. The property is assessed at $3,004,000. The land bank exemption is K.

10. A house on .44 of an acre at 44 Sankaty Road sold to Peter N. Eldridge of Siasconset, Mass. from Michael J. Wilson, Trustee of the ATMUHWITZEND REALTY TRUST of Siasconset, Mass. for $0. The property is assessed at $2,571,200. The land bank exemption is C.

3. A house on .14 of an acre at 83 Hinsdale Road sold to Lisa Anne Haye and Paul Anthony Haye of Nantucket, Mass. from Robert O. Ramos of Nantucket, Mass. for $500,000. The property is assessed at $603,000. The land bank fee is $2,000 and the exemption is M. 11. Ahouse on .23 of an acre at 6 Sea Fox Circle sold to Donna D. Affeldt of Nantucket, Mass. from Randolph S. Affeldt and Donna D. Affeldt of Nantucket, Mass. for $0. The property's assessed value is $747,400. The land bank exemption is C.

12. A vacant lot, Lot 28 on Land Court Plan No. 38026-G, sold to Stephen T. Swift of Nantucket, Mass. from Martin Stetina and Tara Stetina of Nantucket, Mass. for $0. The property's assessed value is unavailable. The land bank exemption is C.

13. A house on .12 of an acre at 11 Gay St. sold to 11 Gay Street, LLC, c/o Georgiana M. Pardo of Charlestown, W. Va. from Stanley T. Pardo of Montclair, N.J. for $0. The property is assessed at $2,182,900. The land bank exemption is C.

14. A house on 2.1 acres at 28 Gardner Road sold to Eugene B. Lefevre, Trustee of the High Ridge Trust of Philadelphia, Pa. from Thomas V. Lefevre nd Lillian Bourne Lefevre of Bryn Mawr, Pa. for $0. The property is assessed at $6,764,600. The land bank exemption is C.

15. Ahouse on .11 of an acre at 8 First Way sold to James W. Klimas, Jr. of North Andover, Mass. from James W. Klimas, Sr. and James W. Klimas, Jr. of North Andover, Mass. for $0. The property is assessed at $1,019,600. The land bank exemption is C.

16. Ahouse on .12 of an acre at 6 First Way sold to James W. Klimas, Jr. of North Andover, Mass. from James W. Klimas, Sr. and James W. Klimas, Jr. of North Andover, Mass. for $0. The property is assessed at $1,038,400. The land bank exemption is C.

17. A house on .11 of an acre at 20 Woodbury Lane sold to Phillip Magiera of Dover, Mass. from Twenty Woodbury Lane Nominee Trust of Nantucket, Mass. for $0. The property is assessed at $2,652,500. The land bank exemption is D.

The Nantucket Islands Land Bank gained $103,060 in transfer tax fees for the week ending Feb. 2. For 2008, the Land Bank gained an estimated total of $1,478,310.61 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.

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 at 22 Broad St. I