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$338,000 Mortgage Calculator
1575 SOUTH RD
East Greenwich, RI / 02818
MLS# 1057968
Type: Single Family
Neighborhood: SOUTH RD
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,376 sq. ft.
Lot Size: 75,986 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$159,500 Mortgage Calculator
56 FLORA AV
Woonsocket, RI / 02895
MLS# 1070396
Type: Single Family
Neighborhood: BERNON
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,842 sq. ft.
Lot Size: 7,405 sq. ft.
Listed by: Michelle Keach RE/MAX 1st Choice
Office: 401-943-6111
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$585,000 Mortgage Calculator
69 IROQUOIS TRL
Glocester, RI / 02857
MLS# 1060494
Type: Single Family
Neighborhood: DIAMOND HEAD ESTATES
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 3,359 sq. ft.
Lot Size: 182,651 sq. ft.
Listed by: Susan Lamendola PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$429,000 Mortgage Calculator
2 SPYGLASS CIR
Hopkinton, RI / 02832
MLS# 1058152
Type: Condo
Complex Name: RESIDENCES@FENNER HILL
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 2,800 sq. ft.
Style Type: Town House
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$279,900 Mortgage Calculator
199 HEMLOCK RD
South Kingstown, RI / 02879
MLS# 1067410
Type: Single Family
Neighborhood: OCEAN RIDGE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,976 sq. ft.
Lot Size: 11,326 sq. ft.
Listed by: Michael Rocchio Lighthouse Real Estate Group
Office: 401-789-6700
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$495,000 Mortgage Calculator
19 PENINSULA RD
South Kingstown, RI / 02879
MLS# 1067221
Type: Single Family
Neighborhood: MATUNUCK
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 2,983 sq. ft.
Lot Size: 15,246 sq. ft.
Listed by: BILL Freeman RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$139,900 Mortgage Calculator
143 HOFFMAN AV
Cranston, RI / 02920
MLS# 1060682
Type: Condo
Complex Name: PARKWOOD EAST
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,107 sq. ft.
Style Type: One Level, High Rise
Listed by: Jeanie Gorrie Residential Properties LTD.
Office: 401-885-8400
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$779,000 Mortgage Calculator
62 SPARTINA COVE WY
South Kingstown, RI / 02879
MLS# 1070136
Type: Single Family
Neighborhood: SALT POND
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 3,600 sq. ft.
Lot Size: 42,689 sq. ft.
Listed by: Jon George Zen Real Estate Group
Office: 401-270-1251
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$225,000 Mortgage Calculator
216 SCHOOL ST
Lincoln, RI / 02865
MLS# 1066437
Type: Single Family
Neighborhood: KIRKBRAE
Beds: 4 Beds
Baths: 1 Full / 1 Half
Living Area: 2,075 sq. ft.
Lot Size: 33,585 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$173,900 Mortgage Calculator
671 METACOM AV
Bristol, RI / 02809
MLS# 1067040
Type: Condo
Complex Name: Courtyard at Metacom
Beds: 2 Beds
Baths: 2 Full / 0 Half
Living Area: 1,106 sq. ft.
Style Type: One Level
Listed by: Joyce Kinsella East Bay Real Estate
Office: 401-253-2983
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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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