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$229,000 Mortgage Calculator
4 DRIFTWOOD DR
Coventry, RI / 02816
MLS# 1078765
Type: Single Family
Neighborhood: HIGHWOOD ESTATES
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,960 sq. ft.
Lot Size: 20,473 sq. ft.
Listed by: Laurie Audet Keller Williams Realty
Office: 401-785-1700
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$685,000 Mortgage Calculator
96 FORD FARM RD
Tiverton, RI / 02878
MLS# 1074558
Type: Single Family
Neighborhood: MT HOPE ESTATES
Beds: 4 Beds
Baths: 3 Full / 0 Half
Living Area: 3,672 sq. ft.
Lot Size: 15,037 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$249,900 Mortgage Calculator
0 PENDAR RD
North Kingstown, RI / 02852
MLS# 1065122
Type: Vacant Land
Neighborhood: WEST RT1/QUAIL HOLLOW
Lot Frontage: 1,070 ft.
Lot Size: 475,365 sq. ft.
Lot Type: Residential
Listed by: Jeanie Gorrie Residential Properties LTD.
Office: 401-885-8400
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$59,900 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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$174,900 Mortgage Calculator
176 AMHERST AV
Pawtucket, RI / 02860
MLS# 1079710
Type: Single Family
Neighborhood: FAIRLAWN
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,632 sq. ft.
Lot Size: 6,000 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$12,000,000 Mortgage Calculator
5 HOWARD ST
Newport, RI / 02840
MLS# 1070280
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 0 sq. ft.
Building Type: Hotel/Motel, Other, Commercial, Retail, Multi-Family, Food/Beverage, Office, Mixed
Listed by: Gordon King WILLIAM RAVEIS CHAPMAN ENSTONE
Office: 401-846-3800
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$449,900 Mortgage Calculator
18 ROSEWOOD DR
Lincoln, RI / 02865
MLS# 1074295
Type: Single Family
Neighborhood: JENCKES HILL ESTATES
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,688 sq. ft.
Lot Size: 40,032 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$124,977 Mortgage Calculator
24 THURBER ST
Pawtucket, RI / 02861
MLS# 1071402
Type: Single Family
Neighborhood: PINECREST DARLINGTON
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,020 sq. ft.
Lot Size: 5,000 sq. ft.
Listed by: Neil ZARTARIAN GREATER R.I. PROPERTIES, LLC
Office: 401-295-4050
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$989,900 Mortgage Calculator
82 CEDAR ST
Rehoboth, MA / 02769
MLS# 1069744
Type: Single Family
Neighborhood: SOUTH REHOBOTH
Beds: 6 Beds
Baths: 4 Full / 2 Half
Living Area: 6,001 sq. ft.
Lot Size: 1,040,213 sq. ft.
Listed by: Ronnie TOSONI RE/MAX Professionals
Office: 401-884-6050
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$319,900 Mortgage Calculator
42 OLD NORTH RD
Coventry, RI / 02816
MLS# 1080558
Type: Single Family
Neighborhood: OFF TIOGUE AVE.
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 2,976 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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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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