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$529,000 Mortgage Calculator
4 HOMESTEAD AV
Barrington, RI / 02806
MLS# 1124216
Type: Single Family
Neighborhood: PRIMROSE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,645 sq. ft.
Lot Size: 10,070 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$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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$335,000 Mortgage Calculator
143 JENCKES HILL RD
Lincoln, RI / 02865
MLS# 1125762
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: LIMEROCK
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,358 sq. ft.
Lot Size: 46,260 sq. ft.
Listed by: Michelle Keach RE/MAX 1st Choice
Office: 401-943-6111
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$449,000 Mortgage Calculator
33 WALTER ST
Barrington, RI / 02806
MLS# 1114207
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: NAYATT SCHOOL DISTRICT
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,000 sq. ft.
Lot Size: 7,500 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$1,125,000 Mortgage Calculator
70 TAGGART CT
East Greenwich, RI / 02818
MLS# 1119836
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: SOUTH RIDGE ESTATES
Beds: 5 Beds
Baths: 5 Full / 2 Half
Living Area: 5,768 sq. ft.
Lot Size: 115,434 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$399,900 Mortgage Calculator
45 HIGHVIEW AV
Warren, RI / 02885
MLS# 1116637
Type: Single Family
Neighborhood: HIGHVIEW AVENUE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,621 sq. ft.
Lot Size: 10,045 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$269,900 Mortgage Calculator
54 OSCEOLA AV
Warwick, RI / 02888
MLS# 1109478
Under Contract Status: Soliciting Back-up Offers
Type: Single Family
Neighborhood: GASPEE
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,812 sq. ft.
Lot Size: 4,500 sq. ft.
Listed by: Jeff St. Germain Keller Williams Realty
Office: 401-785-1700
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$745,000 Mortgage Calculator
0 CRAIG DR
Barrington, RI / 02806
MLS# 1096524
Type: Single Family
Neighborhood: BARRINGTON RIVER VIEWS
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 4,500 sq. ft.
Lot Size: 29,186 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$219,900 Mortgage Calculator
84 INEZ AV
Warwick, RI / 02886
MLS# 1123874
Type: Single Family
Neighborhood: BUTTONWOODS
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,477 sq. ft.
Lot Size: 7,500 sq. ft.
Listed by: Matthew Escaler Carrington RE Services, LLC
Office: 978-455-4922
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$349,900 Mortgage Calculator
120 SUMNER BROWN RD
Cumberland, RI / 02864
MLS# 1122319
Type: Single Family
Neighborhood: ADAMS FARM
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,683 sq. ft.
Lot Size: 96,260 sq. ft.
Listed by: LEN IANNUCCILLI RE/MAX Professionals
Office: 401-884-6050
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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®.