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$548,500 Mortgage Calculator
7 LINDEN LANE
Rehoboth, MA / 02769
MLS# 1087585
Type: Single Family
Neighborhood: THE PRESERVE AT BROOK ST.
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,624 sq. ft.
Lot Size: 60,000 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
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$3,145,000 Mortgage Calculator
47 SOUTH MEADOW LANE
Barrington, RI / 02806
MLS# 1095115
Type: Single Family
Neighborhood: NAYATT/RUMSTICK/SMITH'S COVE
Beds: 5 Beds
Baths: 3 Full / 1 Half
Living Area: 5,000 sq. ft.
Lot Size: 208,884 sq. ft.
Listed by: Kerri Payne Residential Properties, Ltd.
Office: 401-245-9600
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$440,000 Mortgage Calculator
12 WOOD LANE
Little Compton, RI / 02837
MLS# 1086226
Type: Single Family
Neighborhood: WILLOW FARM
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,886 sq. ft.
Lot Size: 169,013 sq. ft.
Listed by: Shelley Bowen Spinnaker Real Estators
Office: 401-635-2300
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$475,000 Mortgage Calculator
9 KRISTIN DR
Cranston, RI / 02921
MLS# 1093118 BACK ON MKT
Type: Single Family
Neighborhood: MAPLE FARMS/CRANSTON COUNTRY CLUB
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,905 sq. ft.
Lot Size: 27,926 sq. ft.
Listed by: Eric Kopf Lighthouse Real Estate Group
Office: 401-789-6700
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$677,000 Mortgage Calculator
1200 HOPE ST
Bristol, RI / 02809
MLS# 1069726
Type: Single Family
Neighborhood: ROCKWELL
Beds: 5 Beds
Baths: 0 Full / 0 Half
Living Area: 5,300 sq. ft.
Lot Size: 52,272 sq. ft.
Listed by: Dory Skemp Coldwell Banker Res. Brokerage
Office: 401-247-0202
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$334,500 Mortgage Calculator
320 WESTMORELAND ST
Narragansett, RI / 02882
MLS# 1093467
Type: Condo
Complex Name: GLEN OAKS
Beds: 2 Beds
Baths: 2 Full / 1 Half
Living Area: 1,510 sq. ft.
Style Type: Town House
Listed by: Ernie ESPOSITO RE/MAX FLAGSHIP, INC.
Office: 401-789-2255
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$495,000 Mortgage Calculator
77 SOUTHWOODS DR
Uxbridge, MA / 01569
MLS# 1095607
Type: Single Family
Neighborhood: SOUTHWOODS ESTATES
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 4,036 sq. ft.
Lot Size: 136,778 sq. ft.
Listed by: Jamie Rebello HomeSmart Professionals RE
Office: 401-921-5011
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$174,200 Mortgage Calculator
0 BROADWAY ST
Woonsocket, RI / 02895
MLS# 1027781
Type: Vacant Land
Neighborhood: BERNON
Lot Frontage: 40 ft.
Lot Size: 400,752 sq. ft.
Lot Type: Residential
Listed by: Stacy Corrigan Peace of Mind Property Managem
Office: 401-829-8323
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$279,711 Mortgage Calculator
7 CYNTHIA DR
Johnston, RI / 02919
MLS# 1095651
Type: Single Family
Neighborhood: OFF CHERRY HILL
Beds: 3 Beds
Baths: 2 Full / 1 Half
Living Area: 2,250 sq. ft.
Lot Size: 13,400 sq. ft.
Listed by: Helen Coupe RE/MAX Metro
Office: 401-736-6100
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$275,000 Mortgage Calculator
221 JOHN DYER RD
Little Compton, RI / 02837
MLS# 1087427
Type: Single Family
Neighborhood: JOHN DYER/ADAMSVILLE
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 835 sq. ft.
Lot Size: 170,320 sq. ft.
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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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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