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Cherokee 30114 Prominence Point Ridge
3480 Mills Ridge Drive
$340,000
● House - Off Market

3480 Mills Ridge Drive

Canton, GA 30114
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,042 Ft²
$1,950
Est. Monthly
7.09%
Cap Rate

About This Property

Charming 2 story home located in the desirable Canton area. Only minutes away from the interstate! This home is situated in the cul-de-sac on 2 acres with a beautiful private lake view. There are 3 bedrooms, 2 bathrooms on the main level and the upstairs has a loft/bonus room and an additional large room that could easily be a 4th bedroom. The master bedroom has a beautiful sunroom that has amazing views of the property. The large kitchen has an eat in kitchen as well as a  beautiful view of the lake and access to the deck.  The basement is unfinished and has a 2 car garage. Please schedule all appointments through ShowingTime.
Unit Size
2,042 Ft²
Days on Market
32 days
Land Size
2.00 acres
Price per sqft
$171
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1986

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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 (GAMLS #20157212)

Price History

Date / Event Date Event Price
Dec 12, 2023 Sold
Premium
Sold
Nov 7, 2023 Listed $350,000
Listed

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 9
  • Basement Area: 1,400
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,732
  • Total Building Area: 2,042
  • Gross Building Area: 5,258
  • Building Area: 2,042
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLS RDG
  • Land Acres: 0000002037
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOT 50 MILL'S RIDGE U. II

Neighborhood

  • School District Name: Cherokee County School District
  • School Tax School District: C STAT
  • Census Tract: 090708

Zoning

  • Zoning: R-20

Geography

  • Account Number: 870815
  • District: 1
  • Parcel: 15N07B 058
  • Lot: 50
  • Municipality: UNINCORPORATED AREA
  • Latitude: 34.1896
  • Longitude: -84.5164

    Address

  • Full Address: 3480 Mills Ridge Dr
  • Address - House Number: 3480
  • Address - Street Name: Mills Ridge
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Canton
  • Carrier Code: R037
  • 4-Digit Zip Code: 9513
  • Zip Code: 30114

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $70,277
  • Tax Rate Code Area: SCH SCHB C

    Appraisal Valuation

  • Standard Deviation: 0.0682
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 96
  • Final Value: 350,100
  • High Value: 373,978
  • Low Value: 326,223

    Market Valuation

  • Market Total Value: $317,850
  • Market Land Value: $60,000
  • Market Improvement Value: $257,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,140
  • Assessed Land Value: $24,000
  • Assessed Improvements Value: $103,140

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 11, 2023
  • Current Sale Recording Date: Dec 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
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 Prominence Point Ridge

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$211

Below Asking

0.01%

Average Days on Market

72

Average Home Size

2454 ft²

Average Home Age

27 years

Currently For Sale

10 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

Unit for rent at 188 Ilex Drive, Canton, GA, 30114

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,260 ft²
188 Ilex Drive, Canton, GA, 30114 Listing by BRITTANY VIRTUE
Unit for rent at 450 Laurelwood Lane, Canton, GA, 30114

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,910 ft²
450 Laurelwood Lane, Canton, GA, 30114 Listing by Nagaraj Koduru

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Jana French,
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20157212
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3480 Mills Ridge Drive built and last sold?
The property at 3480 Mills Ridge Drive was built in 1986 and last sold on Dec 11, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 3480 Mills Ridge Drive is $355,936.
What are some comparable homes to 3480 Mills Ridge Drive?
There are currently no comparable homes to 3480 Mills Ridge Drive.
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