Nantucket real estate transfers 3.31.08 - 4.7.08
April 21st, 20081. A house on 5.6 acres at 1 Pochick Ave. sold to Mark A. Lombardi and Maureen Lombardi of Nantucket, Mass. from Mark A. Lombardi and Maureen Lombardi, Trustees of Lombard Realty Trust of Nantucket, Mass. for $1. The property is assessed at $5,576,100. The land bank exemption is D.
2. A business on .10 of an acre at 10 Gay St. sold to Sherburne Investments, LLC, of Nantucket, Mass. from Susan K. Gasparich a/k/a Hamilton of Nantucket, Mass. for $2,525,000. The property is assessed at $2,190,900. The land bank fee is $50,500.
3. A house on .46 of an acre and .91 of an acre at 3 and 11 Pochick Ave., respectively, sold to John E. Reed of Westfield, Mass. from Glynis E. Reed of Stuart, Fla. for $1. The properties are assessed at $3,017,600 and $4,706,700, respectively. The land bank exemption is K.
4. Ahouse on 1.3 acres at 3 Wamasquid Place sold to 3 Wamasquid Place Realty Trust of Nantucket, Mass. from Michelle Poupon of Nantucket, Mass. for $0. The property is assessed at $1,522,400. The land bank exemptions are C and D.
5. A house on .22 of an acre at 8 King’s Way sold to Robin Carey of Riverside, Conn. from James D. Carey and Robin Carey of Riverside, Conn. for $0. The property is assessed at $3,071,800. The land bank exemption is C.
6. Ahouse on .45 of an acre at 4 Hendersons Drive sold to Douglas J. Reichard and Mary N. Reichard of Short Hills, N.J. from James Wolf and Janice L. Wolf of Nantucket, Mass. for $1,650,000. The property is assessed at $1,385,100. The land bank fee is $33,000.
7. A house on 1.8 acres at 12 Cathcart Road sold to Alison S. Monaghan of Wellesley, Mass. from Alison S. Monaghan, as Trustee of the Thekla R. Shackleton Grantor Retained Annuity Trust, dated 1-22-93, of Sarasota, Fla. for $0. The property is assessed at $5,305,300. The land bank exemption is D.
The Nantucket Islands Land Bank gained $83,500 in transfer tax fees for the week ending April 4. For 2008, the Land Bank gained an estimated total of $3,132,970.01 in transfer fees.
