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$169,900 Mortgage Calculator
47 SHERWOOD AV
Warwick, RI / 02888
MLS# 1069049
Type: Single Family
Neighborhood: NORWOOD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,224 sq. ft.
Lot Size: 8,500 sq. ft.
Listed by: Brian Dupont Real Estate Masters, Inc.
Office: 401-738-1130
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$350,000 Mortgage Calculator
0 TOWER HILL RD
Cumberland, RI / 02864
MLS# 1008191
Type: Vacant Land
Neighborhood: TOWER HILL
Lot Frontage: 1,742 ft.
Lot Size: 2,265,120 sq. ft.
Lot Type: Residential, Agriculture
Listed by: Debra Jobin RE/MAX River's Edge - Bristol
Office: 401-254-1776
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$304,888 Mortgage Calculator
30 BRISAS CIR
East Greenwich, RI / 02818
MLS# 1072395
Type: Single Family
Neighborhood: LAS BRISAS
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,316 sq. ft.
Lot Size: 41,665 sq. ft.
Listed by: Ed Magilton RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$1,129,000 Mortgage Calculator
30 LENIHAN LANE
East Greenwich, RI / 02818
MLS# 1074958
Type: Single Family
Neighborhood: THE WOODS
Beds: 4 Beds
Baths: 5 Full / 1 Half
Living Area: 7,266 sq. ft.
Lot Size: 44,694 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$62,900 Mortgage Calculator
0 HOWARD AV
Coventry, RI / 02816
MLS# 1065958
Type: Vacant Land
Neighborhood: HARRIS
Lot Frontage: 120 ft.
Lot Size: 32,893 sq. ft.
Lot Type: Residential
Listed by: John Ruzzo Stone Ridge Realty
Office: 401-397-7900
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$339,900 Mortgage Calculator
49 KEATS DR
North Kingstown, RI / 02852
MLS# 1078351
Type: Single Family
Neighborhood: NORTHBRIAR/QUIDNESSETT
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,690 sq. ft.
Lot Size: 30,640 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$549,000 Mortgage Calculator
0 BRICK POND DR
Barrington, RI / 02806
MLS# 1077521
Type: Single Family
Neighborhood: NAYATT -CORNER BRICK POND & MIDDLE
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,012 sq. ft.
Lot Size: 12,000 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$394,900 Mortgage Calculator
1224 - 1232 GREENWICH AV
Warwick, RI / 02886
MLS# 1052795
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 3,835 sq. ft.
Building Type: Office
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$424,900 Mortgage Calculator
915 TOWER HILL RD
North Kingstown, RI / 02852
MLS# 1071571
Type: Single Family
Neighborhood: OAK HILL/WICKFORD
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,292 sq. ft.
Lot Size: 539,273 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
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$121,800 Mortgage Calculator
3399 POST RD
Warwick, RI / 02886
MLS# 1067411
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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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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