PROPERTY TRANSFERS

1. A house on 2.6 acres at 13 Maxey Pond Road sold to Alison Sweet Zieff, Trustee of the Maxey Pond Road Nominee Trust of Gladwyne, Pa. from Edward P. Grace, III, of Windermere, Pa. for $3,960,000. The property is assessed at $3,976,500. The Land Bank fee is $79,200. 3. An improved lot on .46 of an acre at 3 Morey Lane sold to Patricia A. Halsted, Trustee of Three Morey Lane Nominee Trust, of Nantucket, Mass. from Vera A. Graham, Trustee, of Alexandria, Va. for $2,700,000. The property is assessed at $2,187,800. The Land Bank fee is $46,000. Brooklyn, N.Y. from Family & Children Services of Nantucket Co. and Nancy Nelson, Trustees, of Nantucket, Mass. for $1,750,000. The property is assessed at $1,185,400. The Land Bank fee is $35,000.

9. A house on .19 of an acre at 11 Sconset Ave. sold to Rowland B. Bates and Pamela C. Bates of Hingham, Mass. from Barbara J. Nathan of Cambridge, Mass. for $850,000. The property is assessed at $1,006,900. The Land Bank fee is $17,000.

10. A vacant lot on .51 of an acre at 3 Forrest Ave. sold to Christopher J. Holdgate of Nantucket, Mass. from 3 Forrest Ave. Realty Trust of Nantucket, Mass. for $1. The property is assessed at $442,000. The Land Bank exemption is C.

2. A dwelling on .10 of an acre at 34 Main St. in 'Sconset sold to Gregory Spivy, Trustee of Spivey Nominee Trust of San Francisco, Calif. from Vera A. Graham, Trustee, of Alexandria, Va. for $2,700,000. The property is assessed at $5,779,500. The Land Bank fee is $54,000. 11. A vacant lot on .35 of an acre at 48 Hooper Farm Road sold to Matthew K. Reinemo of Nantucket, Mass. from Richard J. Glidden, c/o Glidden & Glidden, PC, of Nantucket, Mass. for $1. The property is assessed at $775,500. The Land Bank exemption is B.

12. A house on .25 of an acre at 1 Brinda Lane sold to John A. Van Hoven and Leigh Van Hoven of Nantucket, Mass. from Richard J. Glidden, c/o Glidden & Glidden, PC, of Nantucket, Mass. for $1. The property is assessed at $632,200. The Land Bank exemption is B.

13. A house on .25 of an acre at 6 Hampshire Road sold to the 6 Hampshire Road Trust of Hawthorne, N.J. from Frank T. Matarazzo of Hawthorne, N.J. for $0. The property is assessed at $1,591,700. The Land Bank exemption is D.

4. A house on 2.5 acres at 3 Quaise Pastures Road sold to Christopher J. Detmer and Kyra L. Detmar of Bethesda, Md. from Edward H. Jube of Exeter, N.H. for $2,000,000. The property is assessed at $3,461,400. The Land Bank fee is $40,000. 14. A house on .98 of an acre at 6 New Hummock Circle sold to Randall S. Battat and Christine F. Battat, Trustees of Christine F. Battat Revocable Trust, of Needham, Mass. from Randall S. Battat and Christine F. Battat of Needham, Mass. for $0. The property is assessed at $1,363,800. The Land Bank exemptions are C and D.

15. A vacant lot on .65 of an acre at 30 Sparks Ave. sold to Pilgrim Locke Realty Trust, Marjorie Locke Noonan, Trustee, of North Falmouth, Mass. from Mary E. Mohan, Trustee of Pilgrim Nominee Realty Trust, of Quincy, Mass. for $0. The property is assessed at $1,339,300. The Land Bank exemption is D.

16. A house on .63 of an acre at 7 South Valley Road sold to J. Alexander Spencer of Nantucket, Mass. from Deborah Rood Spencer of Goldens Bridge, N.Y. for $0. The property is assessed at $1,392,500. The Land Bank exemption is K.

5. An improved lot on 1 Morey Lane sold to One Morey Lane, LLC, a Massachusetts Limited Liability Company, of Nantucket, Mass. from Vera A. Graham, Trustee, Alexandria, Va. for $1,800,000. The property is assessed at $2,349,200. The Land Bank fee is $36,000. The Nantucket Islands Land Bank gained

$347,900 in transfer tax fees for the week ending Oct. 10. For 2008, the Land Bank gained an estimated total of $8,957,778.90 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.

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).

6. A business and a dwelling on .05 of an acre at 1 Salem St. sold to One Salem Street, LLC, of 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

7. A cooperative on .12 of an acre at 11 Autopscot Circle sold to Pamela S. LaFontaine of Weston, Conn. from Ronald J. and Myrna D. Bocage of Nantucket, Mass. for $1,080,000. The property is assessed at $1,040,800. The Land Bank fee is $21,600. 8. A house on .46 of an acre at 248 Madaket Road sold to Scott C. Smith and Naomi W. Smith of Roswell, Ga. from Beachwood Associates of Boston, Mass. for $955,000. The property is assessed at $956,900. The Land Bank fee is $19,100.