[MassHistPres] Historic House on Large Lot

[Stefan Nagel]

An idea to promote the marketing of the property to a preservation minded
purchaser:

If the property is on - or could be placed on - the National Register (as an
individually listed property or a contributing building to a NR district),
AND if the property is in fact sub-dividable, AND if the purchaser of the
property places it under a preservation restriction qualified under MGL c.
184 Sections 31 - 33 and Internal Revenue Code Section 170(h) which
prohibits the subdivision and inappropriate development of the property,
then the purchaser/donor may be entitled to a not insignificant donation
deduction against federal income tax liability.

Stefan Nagel  

_______________________________

Stefan Nagel, Esq., Of Counsel

Law Office of Stephen J. Small, Esq., P.C.

One Gateway Center, Suite 305

Newton, MA  02458

Phone:  617-357-4012

Fax:  617-357-1857

www.lawofficeofstephensmall.com

snagel at stevesmall.com

 

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-----Original Message-----
From: masshistpres-bounces at cs.umb.edu
[mailto:masshistpres-bounces at cs.umb.edu] On Behalf Of John Worden
Sent: Thursday, November 11, 2010 3:41 PM
To: masshistpres at cs.umb.edu
Subject: [MassHistPres] Historic House on Large Lot

In one of our historic districts, there is a handsome Victorian-era house 
(1884 Queen Anne) on a large lot of some 37,000 square feet.  A few years 
ago, a developer bought the parcel from the family that had lived there for 
generations, and after years of hearings and proposals, the HDC, under 
implied threat of a 40B, gave him permission to build two additional houses,

thus threatening to bring to an end one of the largest open street-scapes in

town.

Now, he has put the property, unaltered, on the market for $1.3+ million. 
So, if any of you happens to know of a family that wants a nice house with 
plenty of open space, convenient to both Boston and the 128 area, please get

in touch.

I have no financial interest in the transaction; my only hope is that the 
house & its grounds somehow be preserved.

John Worden
Arlington HDC


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