PROPERTY TRANSFERS
March 10, 2008 ~ March 14, 2008
6. A house on .26 of an acre at 2 Chapel St. sold to Prudence Bell of Old Greenwich, Conn. from the Estate of Peter Fleming of Watertown, Mass. for $946,000. The property is assessed at $1,775,300. The land bank fee is $18,920.

1. Houses on 3.2 and 3.3 acres at 93 and 99 Eel Point Road, respectively, sold to CMDM, LLC, of Garden City, N.Y. from Francis C. Rooney, Jr., Executor of Estate of Louise V. McCullough of New York City, N.Y. for $11,500,000. The properties are assessed at $6,999,300 and $8,328,100. The land bank fee is $230,000.

7. A house on .74 of an acre at 4B Gladlands Ave. sold to Gladlands, LLC, of Nantucket, Mass. from P. Kevin Dineen and Donna R. Dineen of Nantucket, Mass. for $755,000. The property is assessed at $948,500. The land bank fee is $15,100 and the exemption is M.

8. A house on .51 of an acre at 29 Low Beach Road sold to Lorraine M. Martin, Trustee of the Lorraine M. Martin 2008 Trust of Siasconset, Mass. from Lorraine M. Martin of Siasconset, Mass. for $1. The property is assessed at $2,350,000. The land bank exemption is D.

2. A house on 1.8 acres at 156 Madaket Road sold to 156 Madaket Investments, LLC, of Houston, Texas from Julie P. Bragg of New York City, N.Y. for $2,550,000. The property is assessed at $3,073,800. The land bank fee is $51,000.

9. A vacant lot on .46 of an acre at 25 Low Beach Road sold to Lorraine M. Martin, Trustee of the Lorraine M. Martin 2008 Trust of Siasconset, Mass. from Lorraine M. Martin of Siasconset, Mass. for $1. The property is assessed at $1,477,200. The land bank exemption is D.

10. A house on .38 of an acre at 2 Rudder Lane sold to Richard P. Brannigan and Janet B. Brannigan of Nantucket, Mass. from Janet B. Brannigan of Nantucket, Mass. for $0. The property is assessed at $1,195,900. The land bank exemption is C.

11. A house on .46 of an acre at 7 Rudder Lane sold to William H. Kyle and Susan P.H. Kyle, Trustees of the 7 Rudder Lane Realty Trust of Topsfield, Mass. from William H. Kyle and Susan Pembroke Herbert Kyle of Topsfield, Mass. of Topsfield, Mass. for $0. The property is assessed at $1,060,600. The land bank exemptions are C and D.

3. A house on .09 of an acre at 26 York St. sold to Victor Haley of Atlanta, Ga. from Stephen Keohane of San Francisco, Calif. for $1,350,000. The property is assessed at $1,332,300. The land bank fee is $27,000.

12. A house on 1.3 acres on a portion of Arbour Way sold to Alison H. Mosca, Trustee of Seven Arbour Way Realty Trust of Boston, Mass. from Alison H. Mosca, Trustee of Five Arbour Way Realty Trust of Boston, Mass. for $0. The property is assessed at $1,419,400. The land bank exemption is C.

13. A house on 1.3 acres on a portion of Arbour Way sold to Alison H. Mosca, Trustee of Five Arbour Way Realty Trust of Boston, Mass. from Alison H. Mosca, Trustee of Seven Arbour Way Realty Trust of Boston, Mass. for $0. The property is assessed at $1,545,500. The land bank exemption is C.

14. A house on .16 of an acre at 10 Miacomet Ave. sold to Brian Bridges of Nantucket, Mass. from Ten Miacomet, LLC, of Nantucket, Mass. for $0. The property is assessed at $813,000. The land bank exemption is I.

15. A house on .16 of an acre at 10 Miacomet Ave. sold to Mark Aguiar of Nantucket, Mass. from Ten Miacomet, LLC, for $0. The property is assessed at $813,000. The land bank exemption is I.

4. A house on .44 of an acre at 3 Rudder Lane sold to Deirdre McMahon of Howth, County Dublin, Ireland from Camellia Gurley of Orlando, Fla. for $1,200,000. The property is assessed at $1,205,400. The land bank fee is $24,000.

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. A house on .11 of an acre at 24B Sankaty Road sold to Edward P. Maggio and Cynthia A. Maggio of Westford, Mass. from Dorothea E. Wyle and Stephen C. Wyle of Ocala, Fla. for $1,100,000. The property is assessed at $1,689,100. The land bank fee is $22,000.

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