PROPERTY TRANSFERS

1.A house on 3.2 acres at 108 Squam Road sold to Matthew Holt of New York City, N.Y. from Sarah Seabury Ward of Newbury, Mass. for $2,500,000. The property is assessed at $2,365,400. The Land Bank fee is $50,000. 7.A residential condominium unit, Unit 9.7, in Nantucket Commons Condominium at 9G Bayberry Court sold to Sovereign Bank of Wyomissing, Pa. from John Nelson Allen, Trustee of the John Nelson Allen Revocable Trust of Los Cruces, N.M. for $400,000. The property is assessed at $552,300. The Land Bank fee is $8,000.

8.A timeshare period, Interval 24 in Unit A of the Mariner House at 30 Centre St. sold to Mark and Virginia Thurston of Hampton, N.H. from Mary M. Taylor and Marianne Martos of Phoenix, Ariz. The property's assessed value is unavailable. The Land Bank fee is $184.

9.A house on .06 of an acre at 55 Washington St. sold to Doris E. Barlow and Robert J. Lanigan, Trustees of the Trust u/l Doris E. Barlow dated 11/19/92 of Needham, Mass. from Doris E. Barlow of Needham, Mass. for less than $100. The property is assessed at $1,256,500. The Land Bank exemption is D.

2. A house on 1.6 acres at 10 Bassett Road sold to James A. Fuller of Nantucket, Mass. from Philip J. Minella of Nantucket, Mass. for $2,000,000. The property is assessed at $1,588,800. The Land Bank fee is $40,000. 10.A house on .12 of an acre at 5 Grand Ave., Siasconset sold to Robert J. Ridder, Jr. of Saint Paul, Minn. from Kathlean C. Ridder of Saint Paul, Minn. for $0. The property is assessed at $1,855,600. The Land Bank exemption is C.

11.A house on .51 of an acre at 18 Nobadeer Farm Road sold to the Gendron Family Revocable Trust of Kittery, Maine from Kathleen L. Gendron of Kittery, Maine. for $0. The property is assessed at $653,400. The Land Bank exemptions are C and D.

12.A dwelling, Unit 1 at Sleepy Hollow Condominium at 12 Sleep Hollow Road sold to Paul Raymond Senecal, Manager of the Sleepy Hollow Island Realty, LLC, of Nantucket, Mass. from Paul R. Senecal, as Trustee of the Maria F. Senecal Testamentary Trust of Nantucket, Mass. for a nominal amount. The property's assessed value is unavailable. The Land bank exemption is D.

13.A house on .11 of an acre at 7 Cherry St. sold to Paul Raymond Senecal, as Trustee of the PRS Nominee Trust of Nantucket, Mass. from Paul R. Senecal, as Trustee of the Maria F. Senecal Testamentary Trust of Nantucket, Mass. for a nominal amount. The property is assessed at $545,100. The Land Bank exemption is D.

3.A vacant lot of .30 of an acre at 15 Aurora Way sold to David T. Shukis and Susan H. Blair of Hingham, Mass. from David R. Reiser, Trustee, of Westport, Conn. for $1,775,000. The property is assessed at $578,800. The Land Bank fee is $35,500. 14.A house on .21 of an acre at 29 Pleasant St. sold to Paul Raymond Senecal, as Trustee of the Pleasant Street Nominee Trust of Nantucket, Mass. from Paul R. Senecal, as Trustee of the Maria F. Senecal Testamentary Trust of Nantucket, Mass. for a nominal amount. The property is assessed at $1,772,300. The Land Bank exemption is D.

The Nantucket Islands Land Bank gained $193,184 in transfer tax fees for the week ending Sept. 20. For 2008, the Land Bank gained an estimated total of $8,039,274.90 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 properties at 2 Massasoit Bridge Road, 159 Hummock Pond Road, and 22 Broad St.

4.A house on .15 of an acre at 18 Boynton Lane sold to Harry C. Larrabee of Nantucket, Mass. from Ryan Chadwick of Nantucket, Mass. for $1,150,000. The property is assessed at $928,900. The Land Bank fee is $23,000. 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 improvement; 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 and M, certain first-time property buyers (applies to the first $400,000).

5.A house on .17 of an acre at 16 Derrymore Road sold to Bart Bryan McKenzie and Paige Paravano McKenzie of Arlington, Va. from Robert B. Klopman and Patricia F. Klopman of Califon, N.J. for $1,125,000. The property is assessed at $1,476,900. The Land Bank fee is $22,500. 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: www.nantucketlandbank. org. Or visit the office at 22 Broad St. I

6.A vacant lot of .26 of an acre at 3 Comeau Lane sold to Michael R. Bridges of Manassas, Va. from Timothy Bridges c/o Wayne F. Holmes, Esquire, of Nantucket, Mass. for $700,000. The property is assessed at $765,300. The Land Bank fee is $14,000.