Nantucket Real Estate Agent Blog

Nantucket Property Transfers for July 28^th 2010.

1. A house on .31 of an acre at 1 Gorham’s Court sold to Brown Brothers Harriman Trust Company, NA, as Trustee of Gorham’s Court Trust, of New York City, N.Y. from Harold A. O’Callaghan, Trustee of Gorham’s Court Nominee Trust, of Rye. N.Y. for $4,637,500. The property is assessed at $4,719,200. The Land Bank fee is $92,750. 

2. A vacant lot on .11 of an acre at 10 Highland Ave. sold to Francis J. DeCoste and Susan D. DeCoste, Trustees, The Ten Highland Realty Trust, of Hingham, Mass. from Nantue, Inc. of Madison, N.J. for $1,200,000. The property is assessed at $1,620,000. The Land Bank fee is $24,000. 

3. A house on .45 of an acre at 108 Somerset Road sold to Stewart J. Withrow and Laurie A. Withrow of Scituate, Mass. from Chiles Holdings, Ltd. Of Easton, Mass. for $598,000. The property is assessed at $985,300. The Land Bank fee is $11,960. 

4. A condominium unit, Unit 10A, at 10A Park Circle sold to Carlos Blair Perales and Katy Horgan of Nantucket, Mass. from TS Realty Group, LLC of Lynnfield, Mass. for $344,000. The property is assessed at $539,500. The Land Bank exemption is M. 

5. A timeshare interval, Time Period 39 in Unit A-1 at 15 Swain St. sold to Kevin S. Cooman and Suzanne L. Gillette of Fairport, N.Y. from Brant Point Courtyard Condominium Trust of Hyannis, Mass. for $3,116. The property’s assessed value is unavailable. The Land Bank fee is $62.32. 

6. A house on .26 of an acre at 13 Surfside Drive sold to Crantucket Realty Trust of Plymouth, Mass. from Michael L. Cranston and Kathleen M. Cranston of Pembroke, Mass. for $1. The property is assessed at $688,600. The Land Bankexemptions are C and D. 

7. A house on 1.8 acres at 22 Bishop’s Rise sold to Horace J. Zona and Darlene L. Zona of Rye, N.Y. from Darlene L. Zona, Trustee of the 22 Bishop’s Rise Nominee Trust, of Rye, N.Y. for $0. The property is assessed at $2,162,700. The land bank exemption is D. 

8. A house on .37 of an acre at 4 West Sankaty Ave. sold to James E. Duffy (also know as James E. Duffy, III), as Trustee of the James E. Duffy Trust – 2008, under declaration dated 10/8/08, of Hobe Sound, Fla. from James E. Duffy, III (also known as “James E. Duffy”) and Barbara G. Duffy, as Trustees of The Duffy Nominee Trust, under declaration dated 12/29/99, of Hobe Sound, Fla. The property is assessed at $2,184,100. The Land Bank exemption is D. 

9. A house on 1.8 acres at 12 Cathcart Road sold to Donald B. Shackleford and Thekla R. Shackleford, Trustees of the Donald and Thekla Shackleford Tenancy by the Entirety Trust, of Columbus, Ohio from Donald B. Shackleford and Thekla R. Shackleford of Columbus, Ohio for $0. The property is assessed at $5,456,200. The Land Bank exemptions are C and D. 

10.  A house on 1.8 acres at 12 Cathcart Road sold to Alison S. Monaghan of Wellesley, Mass. from Donald B. Shackleford and Thekla R. Shackleford of Columbus, Ohio for $0. The property is assessed at $5,456,200.

The Land Bank exemptions are C and B. 

The Nantucket Islands Land Bank gained $128,716.32 in transfer tax fees for the week ending July 24. To date in the year 2010, the Land Bank gained an estimated total of $4,450,424.68 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. Visit www.nantucketlandbank. org for more information on the exemptions. 

Nantucket Property Transfers for Aug 11^th 2010.

1. A house on .27 of an acre at 90 Main St. sold to Richard J. Glidden, Trustee of 90 Main Street Realty Trust, of Nantucket, Mass. from Roy S. Claus and Kathryn H. Claus of Nantucket, Mass. for $5,650,000. The property is assessed at $7,102,200. The Land Bank fee is $113,000. 

2. A house on .22 of an acre at 32 Walsh St. sold to Gregory L. and Nancy D. Geiser of El Segundo, Calif. from Robert J. McGovern of Potomac, Md. for $3,844,400. The property is assessed at $3,337,300. The Land Bank fee is $76,888. 

3. A vacant lot on 2.7 acres at 8 Longwood Drive sold to Rudolf Doizer and Elma Doizer of Heidelbar, Germany from Janet C. Caldow of Vienna, Va. for $900,000. The property is assessed at $824,200. The Land Bank fee is $18,000. 

4. A vacant lot on .11 of an acre at 24 Wanoma Way sold to William R. Fuller, Trustee of the William R. Fuller Revocable Trust – 2010, of North Kingston, R.I. from Daniel P. Boschwitz and Gerald E. Boschwitz of Edina, Minn. for $657,500. The property is assessed at $1,061,300. The Land Bank fee is $13,151. 

5. A house at 33 Bartlett Road sold to Richard K. Decker, Chester S. Barrett, III, Kenneth Decker and Jennifer Decker of Nantucket, Mass. from White Whale Lane, LLC, c/o Norman F. Reith, of Reading, Mass. for $517,000. The property’s assessed value is unavailable. The Land Bank exemption is M. 

6. A house on .46 of an acre at 42 Hummock Pond Road sold to Ingela Carlsson and Dan Gustafsson of Berwyn, Pa. from Bruce F. Dilts of Nantucket, Mass. for $450,000. The property is assessed at $879,000. The Land Bank fee is $9,000. 

7. A house on .19 of an acre at 6 Green Meadows sold to Daniel Dunham of Nantucket, Mass. from Elizabeth Ruley of Nantucket, Mass. for $350,000. The property is assessed at $565,000. The Land Bank fee is $7,000. 

8. A vacant lot on .12 of an acre at 3 Rosemary Way sold to Mark S. Fleming of Framingham, Mass. from Kenneth J. Sharkey of Mendham, N.J. for $219,000. The property is assessed at $360,100. The Land Bank fee is $4,380. 

9. A vacant lot on .14 of an acre on a portion of Capaum Pond Road (Lot 5C, Plan No. 2009-25) sold to Edmund Geoffrey Verney and Elizabeth T. Verney, Trustees of Close Hauled Trust, of Hancock, N.H. from Edmund Geoffrey Verney and Elizabeth T. Verney, Trustees of Beam Reach Trust, of Hancock, N.H. for $95,000. The property’s assessed value is unavailable. The Land Bank fee is $1,900. 

10. A house on .57 of an acre at 18 Sherburne Turnpike sold to MP Nantucket, LLC of Chatham, N.J. from Twin Oaks MP, LLC of Chatham, N.J. for $0. The property is assessed at $1,775,300. The Land Bank exemption is I. 

11. A vacant lot on .69 of an acre on a portion of 12 Delaney Road sold to Kathleen O’Keefe of Norton, Mass. from Malcom J. Cranston and Helen Cranston of Nantucket, Mass. for $0. The property is assessed at $1,266,700. The Land Bank exemption is C. 

12.  A vacant lot on .29 of an acre at 9 South Road sold to Jordan S. McRobie of Costa Mesa, Calif. from Donald McRobie, Katherine McRobie and Ian McRobie of Toronto, Ontario, Canada for $0. The property is assessed at $136,100. The Land Bank exemption is C. 

The Nantucket Islands Land Bank gained $243,319 in transfer tax fees for the week ending Aug. 7. To date in the year 2010, the Land Bank gained an estimated total of $4,752,173.68 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. For more information on the exemptions, visit www.nantucketlandbank.org.