40 School St
North Smithfield, RI 02896
5 bd 3 ba 3,659 sqft Built 1850 Lot 25,788 sqft single_family
Most recent sale
$510,000
Apr 14, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 14, 2026 | Listed | $759,900 | StateWide |
| Apr 14, 2022 | Sold | $510,000 | MLS #1302962 |
| Feb 10, 2022 | Listed | $524,900 | MLS #1302962 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $507,600 | $107,200 | $614,800 | $7,070 |
| 2023 | $304,700 | $89,600 | $394,300 | $5,619 |
| 2022 | $304,700 | $89,600 | $394,300 | $5,485 |
| 2021 | $323,800 | $84,800 | $408,600 | $6,656 |
| 2020 | $323,900 | $89,200 | $413,100 | $6,729 |
| 2019 | $323,900 | $89,200 | $413,100 | $6,556 |
| 2018 | $238,400 | $85,100 | $323,500 | $5,577 |
| 2017 | $238,400 | $85,100 | $323,500 | $5,441 |
| 2016 | $238,400 | $85,100 | $323,500 | $5,292 |
| 2015 | $238,200 | $85,100 | $323,300 | $5,393 |
| 2014 | $238,200 | $85,100 | $323,300 | $5,179 |
| 2013 | $280,600 | $85,100 | $365,700 | $5,800 |
| 2006 | $237,700 | $81,200 | $318,900 | $4,793 |
Property facts
Year built
1850
Property type
single_family
Stories
3
Beds
5
Baths
3
Living area
3,659 sqft
Lot size
25,788 sqft
ZIP code
02896
City
North Smithfield
Street
School St
Coordinates
42.00081, -71.57472
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,489
Gross rental yield
12.92%
Implied cap rate
8.39%
Trend-extrapolated value
—
Frequently asked questions
When did 40 School St last sell?
40 School St most recently sold on Apr 14, 2022 for $510,000.
What is the current tax assessment for 40 School St?
The most recent total assessment for 40 School St (year 2025) is $614,800 with $7,070 in property tax.
How does 40 School St's assessment compare to its last sale price?
The current assessment is 20.5% above the last sale price of $510,000.
When was 40 School St built?
40 School St was built in 1850.
How does 40 School St compare to others on School St?
We track 8 other properties on School St. Browse the list under "Other properties on School St" to compare beds, baths, and sale history.
What are the property facts for 40 School St?
40 School St is a 5 bed, 3 bath, 3,659 sqft, 25,788 sqft lot single_family.
Is 40 School St a flip candidate?
No — 40 School St does not appear in our flips dataset.
Is 40 School St a tax-appeal candidate?
No — 40 School St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.2%
Implied 1-yr
+0.9%
2026 Q3
$481K
2026 Q4
$482K
ZIP 02896 — Median Price History + Forecast
Explore nearby
Geography
Other properties on School St