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$849,900 Mortgage Calculator
193 SUMMIT VIEW LANE
North Kingstown, RI / 02852
MLS# 1125025
Type: Single Family
Neighborhood: HARBOUR RIDGE/WICKFORD
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,601 sq. ft.
Lot Size: 40,075 sq. ft.
Listed by: Allen Gammons BHHS Gammons Realty
Office: 401-886-6100
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$623,000 Mortgage Calculator
285 WINSLOW WY
Swansea, MA / 02777
MLS# 1117184
Type: Single Family
Neighborhood: TOUISSET/ WARREN LINE
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,270 sq. ft.
Lot Size: 30,056 sq. ft.
Listed by: Alyson Roslonek The Mello Group, Inc.
Office: 508-640-0505
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$569,000 Mortgage Calculator
13 EAST BUTTERFLY WY
Lincoln, RI / 02865
MLS# 1105080
Type: Single Family
Neighborhood: LIMEROCK
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,958 sq. ft.
Lot Size: 40,194 sq. ft.
Listed by: John Cappello Horizon Realty, LLC
Office: 401-495-4663
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$299,900 Mortgage Calculator
6 EVERETT RD
Cranston, RI / 02920
MLS# 1127128
Type: Single Family
Neighborhood: DEAN ESTATES
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,028 sq. ft.
Lot Size: 10,866 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
Photos New Construction
$659,900 Mortgage Calculator
2 STEBER WY
Rehoboth, MA / 02769
MLS# 1116433
Type: Single Family
Neighborhood: VIAL FARM
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,076 sq. ft.
Lot Size: 62,726 sq. ft.
Listed by: Gina Perry The Mello Group, Inc.
Office: 508-640-0505
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$298,000 Mortgage Calculator
6 GREENVILLE DR
Barrington, RI / 02806
MLS# 1132342 NEW
Type: Single Family
Neighborhood: ALMEIDA RENOVATION!
Beds: 4 Beds
Baths: 1 Full / 0 Half
Living Area: 1,276 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$577,000 Mortgage Calculator
1200 HOPE ST
Bristol, RI / 02809
MLS# 1069726
Type: Single Family
Neighborhood: ROCKWELL
Beds: 5 Beds
Baths: 0 Full / 0 Half
Living Area: 5,300 sq. ft.
Lot Size: 52,272 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
Photos New Construction
$348,900 Mortgage Calculator
163 ALLEGRA LANE
North Kingstown, RI / 02852
MLS# 1119636
Type: Condo
Complex Name: SLOCUM HEIGHTS
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,600 sq. ft.
Style Type: One Level
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
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$250,000 Mortgage Calculator
433 WEST MAIN RD
Little Compton, RI / 02837
MLS# 1093758
Type: Vacant Land
Neighborhood: WEST MAIN RD / COMMONS
Lot Frontage: 0 ft.
Lot Size: 24,000 sq. ft.
Lot Type: Residential, Agriculture
Listed by: Welchman Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$899,000 Mortgage Calculator
33 BROADVIEW DR
Barrington, RI / 02806
MLS# 1127962
Type: Single Family
Neighborhood: NAYATT - BRICK POND
Beds: 5 Beds
Baths: 3 Full / 1 Half
Living Area: 3,733 sq. ft.
Lot Size: 18,524 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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Understanding Capital Gains

When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations.

How to Calculate Gain

In real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate, follow these steps:

1. Purchase price: _______________________

The purchase price of the home is the sale price, not the amount of money you actually contributed at closing.

2. Total adjustments: _______________________

To calculate this, add the following:

  • Cost of the purchase — including transfer fees, attorney fees, and inspections, but not points you paid on your mortgage.
  • Cost of sale — including inspections, attorney fees, real estate commission, and money you spent to fix up your home just prior to sale.
  • Cost of improvements — including room additions, deck, etc. Note here that improvements do not include repairing or replacing something already there, such as putting on a new roof or buying a new furnace.


3. Your home’s adjusted cost basis: _______________________

The total of your purchase price and adjustments is the adjusted cost basis of your home.

4. Your capital gain:  _______________________

Subtract the adjusted cost basis from the amount your home sells for to get your capital gain.

A Special Real Estate Exemption for Capital Gains

Since 1997, up to $250,000 in capital gains ($500,000 for a married couple) on the sale of a home is exempt from taxation if you meet the following criteria:

  • You have lived in the home as your principal residence for two out of the last five years.
  • You have not sold or exchanged another home during the two years preceding the sale.
  • You meet what the IRS calls “unforeseen circumstances,” such as job loss, divorce, or family medical emergency.

Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.