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$359,900 Mortgage Calculator
33 SUGAR MAPLE DR
Coventry, RI / 02816
MLS# 1100836
Type: Single Family
Neighborhood: WOOD ESTATES
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,424 sq. ft.
Lot Size: 20,908 sq. ft.
Listed by: Marc Bibeault HomeSmart Professionals RE
Office: 401-921-5011
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$189,900 Mortgage Calculator
124 WALLER ST
Providence, RI / 02908
MLS# 1098156
Type: Single Family
Neighborhood: MOUNT PLEASANT
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,354 sq. ft.
Lot Size: 6,098 sq. ft.
Listed by: Joan M. Bianco Independent Brks Realty Of RI
Office: 401-942-5600
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$639,000 Mortgage Calculator
1467 GARDNERS NECK RD
Swansea, MA / 02777
MLS# 1099100
Type: Single Family
Neighborhood: GARDNERS NECK
Beds: 5 Beds
Baths: 3 Full / 0 Half
Living Area: 3,915 sq. ft.
Lot Size: 97,152 sq. ft.
Listed by: Erin Venditti William Raveis Chapman Enstone
Office: 401-396-9849
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$497,500 Mortgage Calculator
6 LINDEN LANE
Rehoboth, MA / 02769
MLS# 1087582
Type: Single Family
Neighborhood: THE PRESERVE AT BROOK ST.
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,100 sq. ft.
Lot Size: 60,000 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$199,000 Mortgage Calculator
30 DEWEY AV
Tiverton, RI / 02878
MLS# 1095911
Type: Single Family
Neighborhood: TIVERTON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,197 sq. ft.
Lot Size: 5,502 sq. ft.
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$1,350,000 Mortgage Calculator
1029 EAST RD
Tiverton, RI / 02878
MLS# 1074466
Type: Single Family
Neighborhood: FOUR CORNERS
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,620 sq. ft.
Lot Size: 435,600 sq. ft.
Listed by: Marisa Ferris RESIDENTIAL PROPERTIES LTD.
Office: 401-783-2474
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$1,469,000 Mortgage Calculator
0 LOT 32 LENIHAN LANE
East Greenwich, RI / 02818
MLS# 1096364
Type: Single Family
Neighborhood: THE WOODS ON MIDDLE
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 5,000 sq. ft.
Lot Size: 428,325 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$599,000 Mortgage Calculator
2 SHELL RD
Warren, RI / 02885
MLS# 1096691
Type: Single Family
Neighborhood: TPCC ON MOUNT HOPE BAY
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 2,520 sq. ft.
Lot Size: 9,750 sq. ft.
Listed by: Christy May Re/Max Real Estate Center
Office: 508-543-3922
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$399,900 Mortgage Calculator
8 GARDENCOURT DR
Narragansett, RI / 02882
MLS# 1098924
Type: Condo
Complex Name: Gibson Court
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 1,594 sq. ft.
Style Type: Town House
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$200,000 Mortgage Calculator
402 - 404 WASHINGTON ST
Coventry, RI / 02816
MLS# 1089736
Type: Commercial
Neighborhood:
# of Buildings: 1
Total Sq Ft: 2,475 sq. ft.
Building Type: Mixed
Listed by: Mary Iacono COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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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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