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$479,900 Mortgage Calculator
536 STONY LANE
North Kingstown, RI / 02852
MLS# 1061825
Type: Single Family
Neighborhood: STONY LANE
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,502 sq. ft.
Lot Size: 193,842 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$1,695,000 Mortgage Calculator
38 MISS FRY DR
East Greenwich, RI / 02818
MLS# 1052296
Type: Single Family
Neighborhood: WESTWOOD FARMS
Beds: 5 Beds
Baths: 5 Full / 2 Half
Living Area: 7,588 sq. ft.
Lot Size: 87,120 sq. ft.
Listed by: Janis CAPPELLO COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$999,000 Mortgage Calculator
239 SEASIDE DR
Jamestown, RI / 02835
MLS# 1043447
Type: Single Family
Neighborhood: JAMESTOWN SHORES
Beds: 3 Beds
Baths: 3 Full / 0 Half
Living Area: 2,184 sq. ft.
Lot Size: 18,153 sq. ft.
Listed by: Donna SABITONI Fieldstone Properties, Inc.
Office: 401-295-0300
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$184,900 Mortgage Calculator
188 - 190 VERMONT AV
Providence, RI / 02905
MLS# 1053214
Type: Multi-Family
Neighborhood: WASHINGTON PARK
# of Units: 2
Total Beds: | Unit1(2), Unit2(3), Beds
Total Baths: 2 | Unit1(1), Unit2(1), Full
Building Area: 1,725 sq. ft.
Listed by: Kathy Souza RE/MAX Preferred
Office: 401-353-2200
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$444,900 Mortgage Calculator
33 WHEELER LANE
Hopkinton, RI / 02832
MLS# 1052503
Type: Condo
Complex Name: RESIDENCE@FENNER HILL
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 2,800 sq. ft.
Style Type: Town House
Listed by: Nancy SICILIANO Ocean Front Homes
Office: 401-212-6262
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$649,000 Mortgage Calculator
4 BROADVIEW DR
Barrington, RI / 02806
MLS# 1063092
Type: Single Family
Neighborhood: NAYATT - BRICKPOND
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,202 sq. ft.
Lot Size: 14,793 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$399,900 Mortgage Calculator
25 BAY LAWN AV
Warwick, RI / 02888
MLS# 1061322
Type: Single Family
Neighborhood: PAWTUXET VILLAGE
Beds: 3 Beds
Baths: 3 Full / 1 Half
Living Area: 1,890 sq. ft.
Lot Size: 7,047 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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$274,900 Mortgage Calculator
1155 HOPE ST
Bristol, RI / 02809
MLS# 1053655
Type: Single Family
Neighborhood: HOPE STREET
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,312 sq. ft.
Lot Size: 9,750 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 401-339-1506
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$359,000 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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$259,711 Mortgage Calculator
149 DANIELSON PIKE
Foster, RI / 02825
MLS# 1046542
Type: Single Family
Neighborhood: FOSTER
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 1,428 sq. ft.
Lot Size: 301,435 sq. ft.
Listed by: Helen Coupe RE/MAX Metro
Office: 401-736-6100
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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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