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Forsyth 30040
3980 Spot Road
$380,000
● House - Off Market

3980 Spot Road

Cumming, GA 30040
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,913 Ft²
$397,624
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Back on the market at no fault to the property!  Beautiful 2 acre property in a thriving Cumming area. A rare find in the area. A quaint ranch with over 2,900 square feet on one level. This home is its own mini farm complete with stables! Peaceful property in the middle of everything, but with enough space where you'll feel like you are in the country. The floorplan is a unique roommate plan with huge bedrooms that you just don't get anymore! The fireplace is a real masonry fireplace that is one of a kind. It is double sided and located in the middle of the the great room. A wonderful 2 acres in a great school district at a wonderful price with a lot of potential.
Unit Size
2,913 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$130
Property Type
House
Property Taxes
$62
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20027289)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Mar 20, 2022 Listed by Foxfire Enterprises Inc. $380,000
Listed by Foxfire Enterprises Inc.
Sep 26, 2019 Sold
Premium
Sold
Aug 16, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 16
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Frontage Feet: 5,400
  • Total Building Area: 2,913
  • Building Area: 2,913
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,913
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LILY C FORD SURV
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0130
  • Legal Description 1: 3-1 765

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130412

Zoning

  • Zoning: A1

Geography

  • Account Number: 0000186433
  • Parcel: 149 010
  • Municipality: COUNTY
  • Latitude: 34.2581
  • Longitude: -84.1365

    Address

  • Full Address: 3980 Spot Rd
  • Address - House Number: 3980
  • Address - Street Name: Spot
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Cumming
  • Carrier Code: R021
  • 4-Digit Zip Code: 4154
  • Zip Code: 30040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $374,133
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1284
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 85
  • Final Value: 495,408
  • High Value: 559,057
  • Low Value: 431,759

    Market Valuation

  • Market Total Value: $380,000
  • Market Land Value: $119,400
  • Market Improvement Value: $260,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,000
  • Assessed Land Value: $47,760
  • Assessed Improvements Value: $104,240

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 26, 2019
  • Previous Sale Contract Date: Sep 26, 2019
  • Previous Sale Amount: $189,000
  • Previous Sale Document Type: 49
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 Forsyth

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$223

Below Asking

0.02%

Average Days on Market

75

Average Home Size

3034 ft²

Average Home Age

16.1 years

Currently For Sale

1416 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 1344 Brookmere Way, Cumming, GA, 30040

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,973 ft²
1344 Brookmere Way, Cumming, GA, 30040 Listing by Rachel Green
Unit for rent at 1374 Brookmere Way, Cumming, GA, 30040

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 2,012 ft²
1374 Brookmere Way, Cumming, GA, 30040

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Adam Koskovich, Foxfire Enterprises Inc.
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20027289
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 3980 Spot Road built and last sold?
The property at 3980 Spot Road was built in 1986 and last sold on Oct 31, 2022 for $380,000.
How much is this home worth?
The estimated value of the home located at 3980 Spot Road is $400,187.
What are some comparable homes to 3980 Spot Road?
There are currently no comparable homes to 3980 Spot Road.
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