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$519,900 Mortgage Calculator
39 CHERRY LANE
Tiverton, RI / 02878
MLS# 1081112
Type: Single Family
Neighborhood: CHERRY HILL
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 5,920 sq. ft.
Lot Size: 31,611 sq. ft.
Listed by: Jay Badger Badger Realty
Office: 401-495-4756
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$229,900 Mortgage Calculator
44 ROSEMARY DR
North Kingstown, RI / 02852
MLS# 1081874
Type: Single Family
Neighborhood: DAVISVILLE
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,373 sq. ft.
Lot Size: 8,356 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$435,000 Mortgage Calculator
35 MOHAWK DR
Portsmouth, RI / 02871
MLS# 1073456
Type: Single Family
Neighborhood: OFF INDIAN AVENUE
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 3,515 sq. ft.
Lot Size: 19,745 sq. ft.
Listed by: Nancy Crockett Crockett Realty, Inc.
Office: 401-741-5920
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$160,000 Mortgage Calculator
0 PENDAR RD
North Kingstown, RI / 02852
MLS# 1065147
Type: Vacant Land
Neighborhood: WEST RT1/QUAIL HOLLOW
Lot Frontage: 430 ft.
Lot Size: 129,150 sq. ft.
Lot Type: Residential
Listed by: Jeanie Gorrie Residential Properties LTD.
Office: 401-885-8400
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$159,900 Mortgage Calculator
0 SIR MICHAEL CIR
South Kingstown, RI / 02892
MLS# 955313
Type: Vacant Land
Neighborhood: WEST KINGSTON
Lot Frontage: 176 ft.
Lot Size: 40,075 sq. ft.
Lot Type: Residential
Listed by: Marc Archambault Randall Realtors Real Living
Office: 401-783-9611
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$214,900 Mortgage Calculator
13 BENOIT ST
Coventry, RI / 02816
MLS# 1081308
Type: Single Family
Neighborhood: ANTHONY
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,176 sq. ft.
Lot Size: 16,568 sq. ft.
Listed by: John Ruzzo Stone Ridge Realty
Office: 401-397-7900
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$597,900 Mortgage Calculator
621 PENDAR RD
North Kingstown, RI / 02852
MLS# 1063920
Type: Single Family
Neighborhood: QUAIL HOLLOW
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,076 sq. ft.
Lot Size: 121,532 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$121,800 Mortgage Calculator
3399 POST RD
Warwick, RI / 02886
MLS# 1083636
Type: Condo
Complex Name: Village Green Apponaug
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 992 sq. ft.
Style Type: Town House
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
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$189,900 Mortgage Calculator
2419 CRANSTON ST
Cranston, RI / 02920
MLS# 1087991
Type: Single Family
Neighborhood: MESHANTICUT
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,230 sq. ft.
Lot Size: 4,787 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$80,000 Mortgage Calculator
180 FORD ST
Providence, RI / 02909
MLS# 1081103
Type: Multi-Family
Neighborhood: 1020
# of Units: 2
Total Beds: | Unit1(2), Unit2(2), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 3,348 sq. ft.
Listed by: Clare Kearney RE/MAX Cityside
Office: 401-277-9700
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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®.

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