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$1,199,000 Mortgage Calculator
337 RUMSTICK RD
Barrington, RI / 02806
MLS# 1088962
Type: Single Family
Neighborhood: RUMSTICK POINT
Beds: 4 Beds
Baths: 4 Full / 2 Half
Living Area: 5,355 sq. ft.
Lot Size: 40,128 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
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$199,000 Mortgage Calculator
50 HILL FARM CAMP RD
Coventry, RI / 02816
MLS# 1093163
Type: Single Family
Neighborhood: HILL FARM/JOHNSON POND
Beds: 3 Beds
Baths: 1 Full / 0 Half
Living Area: 1,120 sq. ft.
Lot Size: 87,000 sq. ft.
Listed by: Steven Miller COLDWELL BANKER RESIDENTIAL BR
Office: 401-884-8050
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$319,900 Mortgage Calculator
120 SURREY LANE
West Warwick, RI / 02893
MLS# 1085415
Type: Single Family
Neighborhood: CAMPBELL FARMS/EAST GREENWICH AVE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,784 sq. ft.
Lot Size: 10,000 sq. ft.
Listed by: Marc Bibeault HomeSmart Professionals RE
Office: 401-921-5011
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$398,500 Mortgage Calculator
35 MOHAWK DR
Portsmouth, RI / 02871
MLS# 1073456
Type: Single Family
Neighborhood: OFF INDIAN AVENUE
Beds: 4 Beds
Baths: 2 Full / 0 Half
Living Area: 3,515 sq. ft.
Lot Size: 19,745 sq. ft.
Listed by: Nancy Crockett Crockett Realty, Inc.
Office: 401-741-5920
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$199,900 Mortgage Calculator
33 TAB AV
East Providence, RI / 02914
MLS# 1092807
Type: Single Family
Neighborhood: RUMFORD/NO BROADWAY
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,050 sq. ft.
Lot Size: 8,355 sq. ft.
Listed by: Arnold Baskin Keller Williams Realty Leading
Office: 401-333-4900
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$899,000 Mortgage Calculator
90 - B OLD MAIN RD
Little Compton, RI / 02837
MLS# 1048936
Type: Single Family
Neighborhood: WINDMILL HILL
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,072 sq. ft.
Lot Size: 178,595 sq. ft.
Listed by: Welchman Grp Real Estate Group KELLER WILLIAMS RLTY NEWPORT
Office: 401-845-9200
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$459,000 Mortgage Calculator
251 WIDOW SWEETS RD
Exeter, RI / 02822
MLS# 1091603
Type: Single Family
Neighborhood: WIDOW SWEETS
Beds: 4 Beds
Baths: 3 Full / 1 Half
Living Area: 4,013 sq. ft.
Lot Size: 139,392 sq. ft.
Listed by: Dan Ferrara RE/MAX 1st Choice
Office: 401-943-6111
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$214,900 Mortgage Calculator
31 SPRUCE RD
South Kingstown, RI / 02879
MLS# 1075685
Type: Single Family
Neighborhood: OCEAN RIDGE
Beds: 2 Beds
Baths: 1 Full / 0 Half
Living Area: 736 sq. ft.
Lot Size: 6,970 sq. ft.
Listed by: Gayle Moone Real Estate Masters, Inc.
Office: 401-738-1130
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$499,999 Mortgage Calculator
39 CHERRY LANE
Tiverton, RI / 02878
MLS# 1090780
Type: Single Family
Neighborhood: CHERRY HILL
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 5,920 sq. ft.
Lot Size: 31,611 sq. ft.
Listed by: Inessa Moshkina Badger Realty
Office: 401-495-4756
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$399,900 Mortgage Calculator
661 SHIPPEETOWN RD
East Greenwich, RI / 02818
MLS# 1094172 NEW
Type: Single Family
Neighborhood: EAST GREENWICH HEIGHTS AREA
Beds: 4 Beds
Baths: 1 Full / 1 Half
Living Area: 2,602 sq. ft.
Lot Size: 44,431 sq. ft.
Listed by: Allen Gammons PRUDENTIAL GAMMONS REALTY
Office: 401-886-6100
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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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