PROPERTY TRANSFERS
Dec. 24, 2007 ~ Jan. 4, 2008
7. A vacant lot, Lot 6, on Phillips Run Road sold to Phillips Run Open Space, LLC, of Nantucket, Mass. from Stephenie Coffin Andrew, Ted M. Andrew and Arthur Weinshank, Trustee of the Andrew Family Trust of New Milford, Conn. for $2,180,000. The property's assessed value in unavailable. The land bank fee is $43,600. 9. A house on .25 of an acre at 5 Skiff Lane sold to Skiff Lane, LLC, of Wareham, Mass. from Stephen D. Hoss (1/3 of) SAV Associates, LLC, of Wareham, Mass. for $250,000. The property is assessed at $783,800. The land bank fee is $5,000.

1. A house on 14.8 acres at 30R Quidnet Road sold to Richard J. Glidden, Trustee of Nantucket-Quidnet Nominee Trust of Nantucket, Mass. from Robert Needham, Trustee, Mulberry Lane Nominee Trust of Nantucket, Mass. for $10,250,000. The property is assessed at $5,497,700. The land bank fee is $205,000.

10. Ahouse on .25 of an acre at 5 Skiff Lane sold to Skiff Lane, LLC, of Wareham, Mass. from Vincent Greene (1/3 of) SAV Associates, LLC, of Wareham, Mass. for $250,000. The property is assessed at $783,800. The land bank fee is $5,000.

2. A house on 2.1 acres at 21 Gardner Road sold to Bruce W. Duncan, Trustee of Twenty-One Gardner Road Nominee Trust of Chicago, Ill. from Stephen B. Meister and Mark J. Seelig, Trustees of 21 Gardner Road Realty Trust of New York City, N.Y. for $7,450,000. The property is assessed at $6,054,700. The land bank fee is $149,000.

11. A house at 2 Sasemin Way sold to Antonia B. Boneva of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $242,000. The property's assessed value is unavailable. The land bank exemption is M.

12. A house on .13 of an acre at 4A Folger Ave. sold to Caren A. Oberg and Emerson Gomes of Nantucket, Mass. from Nantucket Homes for People, Inc. of Southborough, Mass. for $242,000. The property's assessed value is unavailable. The land bank exemption is M. 13. A timeshare period, Interval #15 on Lots 18-21, 43-46, Block 141 on a portion of 27 Arkansas Ave. sold to Salvatore Corio, Jr. of Cranston, R.I. from Richard S. Cabral and Marie C. Cabral of Falmouth, Mass. for $8,000. The property's assessed value is unavailable. The land bank fee is $160.

3. A house on 4.01 acres at 258 Polpis Road sold to Harald Stavnes and Stephanie Moore Stavnes of Easton, Conn. from Hardwick Simmons of Katonah, N.Y. for $5,750,000. The property is assessed at $5,031,400. The land bank fee is $115,000.

14. A timeshare, Week 42 in Unit A5 at Brant Point Courtyard on Swain St. sold to Donna Christian and Julie D. Christian of Dudley, Mass. from Patricia A. Montgomery, a/k/a Patricia A. M. Debs and William M. Debs of South Dennis, Mass. for $1,000. The property's assessed value is unavailable. The land bank fee is $20.

15. Ahouse on .13 of an acre at 8 Witherspoon Drive sold to Witherspoon, LLC, of Worcester, Mass. from Vernon Street Realty Company, LLC, of Worcester, Mass. for less than $100. The property is assessed at $1,170,500. The land bank exemption is I.

16. Ahouse on .15 of an acre at 119 Main St. sold to Vanessa L. Green of Littleton, Colo. from Burges M. Green of Littleton, Colo. for $10. The property is assessed at $2,326,000. The land bank exemption is C.

$5,300,000. The property is assessed at $1,835,100. The land bank fee is $106,000.

17. Ahouse on .15 of an acre at 119 Main St. sold to Allison C. Green of Littleton, Colo. from Burges M. Green of Littleton, Colo. for $10. The property is assessed at $2,326,000. The land bank exemption is C.

18. A house at 62 North Center St. sold to New Nirvana Trust, Richard M. Bretschneider, Trustee, of Nantucket, Mass. from Virginia Bretschneider of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is C.

19. Avacant lot, Lot 17, on a portion of .42 of an acre on Rose Bud Lane sold to Lots 12, 14, 17 Holdgate Realty Trust of Nantucket, Mass. from Donald W. and Gertrude M. Holdgate of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is D.

20. Avacant lot, Lot 14, on a portion of .42 of an acre on Rose Bud Lane sold to Lots 12, 14, 17 Holdgate Realty Trust of Nantucket, Mass. from Donald W. and Gertrude M. Holdgate of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is D.

5. A house on .23 of an acre at 6 Walsh St. sold to Joseph Hegenbart and Marianne Hegenbart of New York City, N.Y. from Fair Wind Partners c/o Anthony J. Houghton of Singer Island, Fla. for $4,200,000. The property is assessed at $1,623,000. The land bank fee $84,000.

21. Avacant lot, Lot 13, on a portion of .45 of an acre on Rose Bud Lane sold to Lots 13, 16, 18 Holdgate Realty Trust of Nantucket, Mass. from Donald W. and Gertrude M. Holdgate of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is D. 22. Avacant lot, Lot 12, on a portion of .45 of an acre on Hinsdale Lane sold to Lots 12, 14, 17 Holdgate Realty Trust of Nantucket, Mass. from Donald W. and Gertrude M. Holdgate of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemption is D.

23. Vacant land, Lots 7, 8A, 8B, 10 and 13 off Phillips Run Road sold to the Phillips Run Road Homeowners Association Trust of New Milford, Conn. from Stephenie Coffin Andrew and Ted M. Andrew of New Milford, Conn. for $1. The properties'assessed value is unavailable. The land bank exemption is C.

6. A business on .13 of an acre at 26 North Water St. sold to Cassiopeia Enterprises, Inc. of Acton, Mass. from Peter C. Conway, Trustee of Pemisu Realty Trust of Marblehead, Mass. for $2,660,000. The property is assessed at $3,338,900. The land bank fee is $53,200.

24. Vacant land, Lots 8C, 11, 12, 14 and 15 off Phillips Run Road sold to the Phillips Run Road Homeowners Association Trust of New Milford, Conn. from Stephenie Coffin Andrew, Ted M. Andrew and Arthur C. Weinshank of New Milford, Conn. for $1. The properties' assessed value is unavailable. The land bank exemptions are C and D.

The Nantucket Islands Land Bank gained $1,005,098 in transfer tax fees for the week ending Dec. 29. For 2007, the Land Bank gained an estimated total of $16,488,254.91 in transfer fees. For 2008, the Land Bank gained an estimated total of $340,980 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.

8. A house on .57 of an acre at 56R Madaquecham Valley Road sold to Geraldine R. Roos, Trustee, of Portsmouth, N.H. from Tracey Curley of Nantucket, Mass. for $2,000,000. The property is assessed at $2,271,600. The land bank fee is $40,000.

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