March 3, 2008 ~ March 7, 2008
8. A cooperative on .47 of an acre at 47R Vestal Lane sold to Stephen H. Weinstein and Anne S. Carmignani of South Hampton, Bermuda from Harold B. Murphy and Lauren C. Murphy, Trustees, Stephen H. Weinstein and Anne S. Carmignani of South Hampton, Bermuda for $1. The property is assessed at $2,703,400. The land bank exemption is B.

1. A house on .10 of an acre at 55 Orange St. sold to John A, MacColl of Cockeysville, Md. from Chris Skehel of Nantucket, Mass. for $3,200,000. The property is assessed at $2,029,700. The land bank fee is $76,400.

9. 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 and Glidden, PC, of Nantucket, Mass. for $1. The property is assessed at $630,200. The land bank exemption is D.

 

10. A vacant lot on Brinda Lane sold to Matthew K. Reinemo of Nantucket, Mass. from Richard J. Glidden c/o Glidden and Glidden, PC, of Nantucket, Mass. for $1. The property's assessed value is unavailable. The land bank exemptions are C and D.

2. A house on .71 of an acre at 7 Davis Lane sold to Seven Davis Lane Nominee Trust of Summit, N.J. from Jason D. Meister of New York City, N.Y. for $2,700,000. The property is assessed at $2,166,700. The land bank fee is $54,000.

11. A house on .66 of an acre at 52 Hooper Farm Road sold to The Downey Flake, Inc., of Nantucket, Mass. from Richard J. Glidden c/o Glidden and Glidden, PC, of Nantucket, Mass. for $1. The property is assessed at $632,700. The land bank exemption is D.

 

12. A house on .48 of an acre at 6 Newtown Road sold to Karsten L. Reinemo of Nantucket, Mass. from Julie E. Reinemo of Nantucket, Mass. for $1. The property is assessed at $1,395,400. The land bank exemption is C.

13. A house on .41 of an acre at 25 Old South Road sold to Julie E. Reinemo of Nantucket, Mass. from Karsten L. Reinemo of Nantucket, Mass. for $1. The property is assessed at $1,738,900. The land bank exemption is C.

14. A house on .35 of an acre at 48 Hooper Farm Road sold to Karsten L. Reinemo, Trustee of Reinemo Nominee Trust of Nantucket, Mass. from Richard J. Glidden c/o Glidden and Glidden, PC, of Nantucket, Mass. for $0. The property is assessed at $821,400. The land bank exemption is D.

3. A house on 1.1 acres at 46 Brewster Road sold to Andrew Stone, Manager, 46 Brewster, LLC, of Burlington, Conn. from John F. Hennessey and Michael Sakala of Boston, Mass. for $2,520,000. The property is assessed at $2,028,800. The land bank fee is $50,400.

15. A house on 1.2 acres at 96 Squam Road sold to Jeffrey H. Johnston, Trusteem, Jeffrey H. Johnston Trust, of Buelton, Calif. from Jeffrey H. Johnston of Buelton, Calif. for $0. The property is assessed at $1,842,100. The land bank exemption is D. 16. A house on 4.7 acres at 24 Boulevarde sold to The Irwin Family Partnership of Summit, N.J. from John M. and Mary B. Irwin of Far Hill, N.J. for $0. The property is assessed at $2,154,600. The land bank exemption is C.

 

17. A house on 1.2 acres at 44 Monomoy Road sold to R and D Realty Trust of Milton, Mass. from 44 Monomoy, LLC, of Milton, Mass. for $0. The property is assessed at $6,735,000. The land bank exemption is J.

4. Ahouse on .44 of an acre at 65 Cliff Road sold to John B. Shaw and Alison S. Shaw of Washington, D.C. from Steven R. Smith and Sandra R. Smith of Waban, Mass. for $2,266,700. The property is assessed at $2,294,200. The land bank fee is $45,334.

NOTES ON EXEMPTIONS 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 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).

 

5. Ahouse on .08 of an acre at 36 Cliff Road sold to Mark M. Palleschi and Patricia C. Palleschi of East Greenwich, R.I. from Kevin Fournier of Paradise Valley, Ariz. for $1,800,000. The property is assessed at $2,187,800. The land bank fee is $36,000.

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

6. A cooperative on .47 of an acre at 47R Vestal Lane sold to Stephen H. Weinstein and Anne S. Carmignani of South Hampton, Bermuda from Hedgebury Lane, LLC, of Southfield, Mass. for $1,600,000. The property is assessed at $2,703,400. The land bank fee is $32,000. 7. A house on .22 of an acre at 8 Salros Road sold to David E. Butler of Nantucket, Mass. from Warren H. Hill of Nantucket, Mass. for $1,180,000. The property is assessed at $1,038,900. The land bank fee is $23,600.