PROPERTY TRANSFERS

1. A house on .68 of an acre at 5 Heather Lane sold to BJS Constellation, LLC, of Chicago, Ill. from Robert G. Sabelhaus and Melanie R. Sabelhaus of Owings Mills, Md. for $12,400,000. The property is assessed at $13,657,000. The Land Bank fee is $248,000. 2. A house on .18 of an acre at 51 Walsh St. sold to G and M Trust of Charleston, S.C. from Linda Hartman and Paul Lepeonka, Trustees of Annabelle M. Katz Revocable Trust et al. of Potomac, Md. for $2,800,000. The property is assessed at $2,246,000. The Land Bank fee is $56,000.

3. A house on .05 of an acre at 47 Orange St. sold to Trevilian Stration, LLC, of Nantucket, Mass. from Rhoda H. Weinman, Trustee of the DPL Trust, of Nantucket, Mass. for $1,500,000. The property is assessed at $1,858,200. The Land Bank fee is $30,000.

4. A house on .14 of an acre at 2 Gardner Perry Lane sold to William V. Baldassano and Bonnie Baldassano of Blue Bell, Pa. from James F. Mondani of Boston, Mass. for $1,475,000. The property is assessed at $1,466,800. The Land Bank fee is $29,500.

5. A condominium unit, Unit 5, at 1 Orange St. sold to 58 East Main Street, LLC, of Delray Beach, Fla. from Amy M. Ambrecht (f/k/a Amy F. Minella) of Boston, Mass. for $1,080,000. The property's assessed value is unavailable. The Land Bank fee is $21,600.

6. A vacant lot on .22 of an acre at 33 Woodbury Lane sold to Richard L. Mucci and Rosalie Mucci of Avon, Conn. from Ewing Nantucket, LLC, of Reno, Nev. for $1,000,000. The property is assessed at $808,400. The Land Bank fee is $20,000.

7. A house on .20 of an acre at 32 Essex Road sold to Brian D. and Christy R. Potter of Nantucket, Mass. from Donna Zuccaro Buchmann of Nantucket, Mass. for $725,000. The property is assessed at $915,500. The Land Bank fee is $6,500 and the exemption is M.

8. A condominium unit at 10 Cherry St. sold to Jodi L. Vavricka, Trustee of Greener Pastures Nominee Trust, of Nantucket, Mass. from Jodi L. Vavricka of Nantucket, Mass. for $0. The property is assessed at $764,700. The Land Bank exemption is D.

9. A condominium unit, Unit 5, at 133 Old South Road sold to Dean R. Bullock of North Easton, Mass. from Geraldine P. Bullock of North Easton, Mass. for $0. The property is assessed at $230,000. The Land Bank exemption is K.

10. A house on .52 of an acre at 18 Ahab Drive sold to The Berner Nominee Trust of Elmhurst, Ill. from Dennis J. Berner and Kathleen L. Berner of Elmhurst, Ill. for $0. The property is assessed at $1,553,600. The Land Bank exemption is D.

11. A house on .46 of an acre at 32 Gloucester St. sold to Jennifer Whitlock of Siasconset, Mass. from Charles P. Whitlock of East Hampton, N.Y. for $0. The property is assessed at $1,003,400. The Land Bank exemption is K.

12. A vacant lot on 19.7 acres at 14 Shawkemo Road sold to A&B Realty Trust c/o Stephen W. Kidder and Michael J. Puzo, Trustees, of Boston, Mass. from Shawkemo Nominee Trust, Whitney A. Gifford, Trustee, of Nantucket, Mass. for $0. The property is assessed at $14,731,900. The Land Bank exemption is D.

13. A house on .13 of an acre at 63 Goldfinch Drive sold to John R. aka Sean O'Callaghan of Nantucket, Mass. from Sarah Masi of Parker, Colo. for $0. The property is assessed at $1,329,600. The Land Bank exemption is K. The Nantucket Islands Land Bank gained week ending Oct. 18. For 2008, the Land Bank gained an estimated total of $9,369,378.90 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).

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