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PROPERTY TRANSFERS
March 17, 2008 ~ March 21, 2008
3. A vacant lot on .34 of an acre at 15 Irving St. sold to Arthur I. Reade, Jr, Trustee of 15 Irving Street Nominee Trust, of Nantucket, Mass. from Michael J. Pligavko of New York City, N.Y. for $650,000. The property is assessed at $1,167,100. The land bank fee is $13,000.
 | | 1. A house on .69 of an acre at 22 North Beach St. sold to Stephen Dolente and Jennifer Dolente of Devon, Pa. from Dorothy Palmer, Trustee, of Nantucket, Ma. for $3,000,000. The property is assessed at $2,424,700. The land bank fee is $60,000. |
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4. A condominium unit, Unit 3 of Anchor Village Condominium at 41C Old South Road sold to Timothy Shea of Nantucket, Mass. from Tamona L, McGrath, Trustee of Noworriesdude Nominee Trust of Nantucket, Mass. for $375,000. The property is assessed at $374,700. The land bank exemption is M.
5. Acondominium unit, Unit 6.2 at 6B Windy Way sold to Miroslava Bartkova of Nantucket, Mass. from Binth Rustad of Nantucket, Mass. for $325,000. The property's assessed value is unavailable. The land bank exemption is M.
6. A house on 265 Madaket Road sold to Alfred Byron Coffin, III, Trustee of the Coffin Realty Trust, of Nantucket, Mass. from Alfred Byron Coffin, III of Nantucket, Mass. for less than $100. The property is assessed at $1,416,100. The land bank fee exemption is D.
 | | 2. A house on .12 of an acre at 4 Stone Barn Way sold to Dorothy R. P. Palmer, Trustee of East Wind Nominee Trust, of Hingham, Mass. from George C. Kenny and Jacqueline Florence Hegarty of Summit, N.J. for $2,600,000. The property is assessed at $1,945,700. The land bank fee is $45,200. |
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7. A house on Lot 3 on Tuckernuck Island sold to Alfred Byron Coffin, III, Trustee of the Coffin Realty Trust, of Nantucket, Mass. from Alfred Byron Coffin, III of Nantucket, Mass. for less than $100. The property's assessed value is unavailable. The land bank exemption is D.
8. A house on .25 of an acre at 4 Lewis Court sold to George A. Hughes and Elizabeth A. Hughes of Nantucket, Mass. from George A. Hughes of Nantucket, Mass. for $1 and Love and Affection. The property is assessed at $911,000. The land bank exemption is C.
9. A vacant lot on .14 of an acre at 9 Kittiwake Lane sold to Nantucket Building Works, Inc., of Nantucket, Mass. from Ornwater Nominee Realty Trust of Nantucket, Mass. for $1. The property is assessed at $1,636,500. The land bank exemption is I.
10. A house on .84 of an acre at 89 Vestal St. sold to Reginald Webster Ray Trust - 2008 and Mona G. Ray Trust - 2008 of Nantucket, Mass. from Mona G. Ray of Nantucket, Mass. for $0. The property is assessed at $1,806,100. The land bank exemptions are D and C.
11. A vacation home on .14 of an acre at 8 Pochick St., Siasconset sold to Willard B. Ferris, Trustee under the Willard B. Ferris Trust, of McLean, Va. from Willard Bradley Ferris of McLean, Va. for $0. The property is assessed at $1,550,900. The land bank exemption is D.
12. A house on .24 of an acre at 5 Fishers Land Road sold to Richard C. Brannigan, II and Michelle S. Brannigan of Nantucket, Mass. from Richard C. Brannigan, II and Michelle S. Brannigan of Nantucket, Mass. for $0. The property is assessed at $1,139,600. The land bank exemption is C.
13. A house on .23 of an acre at 15 Gray Ave. sold to Christina Marie Kardell and Caleb Kardell of Nantucket, Mass. from Lynne Marie and Christina Marie Kardell of Nantucket, Mass. for $0. The property is assessed at $739,800. The land bank exemption is C.
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).
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
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