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Springfield 01104 East Springfield
31 Observer Street
Photo of 31 Observer Street
Sold on May 21, 2025

42

Map

Photo of 31 Observer Street
Photo of 31 Observer Street
$365,000
● House - Off Market

31 Observer Street

Springfield, MA 01104
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,410 Ft²
$1,953
Est. Monthly
9.02%
Cap Rate

About This Property

Welcome to your dream home in Springfield, MA! This FULLY REMODELED gem features 4 spacious bedrooms, with two conveniently located on the first floor and two upstairs, offering flexibility for your needs. Move in and enjoy a brand-new roof and windows that enhance both comfort and energy efficiency. The stunning kitchen boasts quartz countertops and stainless steel appliances, perfect for any home chef. Relax on the large wrap-around front porch, plus, the walk-out basement offers a spacious finished room that can be used as a family room, play area, or home office. The huge yard provides ample space for outdoor activities and gardening. Don't miss your chance to own this beautiful home-schedule your showing today!
Unit Size
2,410 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$135
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1947

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73361110)

Price History

Date / Event Date Event Price
May 21, 2025 Sold
Premium
Sold
Apr 26, 2025 In contract -
In contract
Apr 17, 2025 Listed $325,000
Listed
Jan 23, 2024 Sold
Premium
Sold
Oct 21, 1987 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,877
  • Total Building Area: 2,410
  • Gross Building Area: 2,410
  • Building Area: 2,410
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,410
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Springfield School District
  • School Tax School District: SPRINGFIELD SD
  • Census Tract: 800202

Zoning

  • Zoning: R1

Geography

  • Account Number: 92270010
  • Parcel: SPRI S:09227 P:0010
  • Municipality: SPRINGFIELD
  • Latitude: 42.1512
  • Longitude: -72.5303

    Address

  • Full Address: 31 Observer St
  • Address - House Number: 31
  • Address - Street Name: Observer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Springfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1729
  • Zip Code: 01104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2208
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 69
  • Final Value: 326,568
  • High Value: 398,696
  • Low Value: 254,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,800
  • Assessed Land Value: $37,300
  • Assessed Improvements Value: $206,500

    Sales

  • Current Sale Contract Date: Jan 23, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3069
  • Previous Sale Recording Date: Oct 21, 1987
  • Previous Sale Amount: $96,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Springfield

Stats & Trends

Median Asking:

$287,450

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1332 ft²

Average Home Age

78.7 years

Currently For Sale

16 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73361110

Frequently Asked Questions

When was property at 31 Observer Street built and last sold?
The property at 31 Observer Street was built in 1947 and last sold on Jan 23, 2024 for $160,000.
How much is this home worth?
The estimated value of the home located at 31 Observer Street is $0.
What are some comparable homes to 31 Observer Street?
There are currently no comparable homes to 31 Observer Street.
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