The Martha’s Vineyard Land Bank broke its own record for fees last week, collecting more than $1 million in a single five-day period. Several large property sales contributed to the windfall, including a $22 million sale down harbor in Edgartown.
The Martha’s Vineyard Land Bank reported revenues of $30,620 for the business week ending on Friday, Nov. 28, 2014. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.
The Martha’s Vineyard Land Bank reported revenues of $215,875 for the business week ending on Friday, Nov. 21, 2014. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.