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    490 Lummus Rd Cumming, GA 30040

    View on Map
    Sponsored
    For Sale
    $1,600,000

    Single-Family Home, Farmhouse|Traditional - Cumming, GA

    Type:Farm
    Property size:
    3,137 SF
    Lot size:
    3.68 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 9:06 pm

    Property Features for 490 Lummus Rd

    General Information

    Property type
    Other
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    Parking
    6
    Interior features
    Bookcases, Double Vanity, Disappearing Attic Stairs, Entrance Foyer, High Speed Internet, Tray Ceiling(s), Walk-in Closet(s), High Ceilings 9 Ft Main, High Ceilings 10 Ft Main
    Exterior features
    Other, Private Yard
    Appliances
    Cooktop, Dishwasher, Garbage Disposer, Microwave, Oven - Double, Range, Washer
    Size
    3,137 SF
    Lot size
    3.68 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2022
    Flooring type
    Carpet, Other, Tile
    Roof type
    Composition
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Team McCook Realtors

    Berkshire Hathaway HomeServices Georgia Properties (770) 844-8484

    Listing agent Team McCook Realtors (770) 844-8484

    Listing date Mar 8, 2026

    MLS# 7617381 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Milton Farmhouse Dream Home

    This custom-built farmhouse, constructed in 2022, is situated on 3.68 acres in a scenic area inside Cherokee County, providing access to Milton, Cumming, Avalon, and Canton. The residence features an open floor plan with hardwood floors, expansive windows, and a fireside family room with 10-foot ceilings that opens to a private poolside retreat. The kitchen includes quartz countertops, a farmhouse sink, tile backsplash, a 5-burner gas range, double ovens, a built-in microwave, and a walk-in pantry. A butler's pantry with a stone accent wall, cabinetry, a sink, and beverage fridge space is located behind the kitchen, which flows into a sun-filled dining area with stained shiplap ceilings. A main floor office is tucked away behind the butler's pantry. The mudroom off the kitchen features herringbone tile floors, shiplap walls, storage, and access to the driveway and garage. The main-level primary suite includes a fireside sitting area, access to the covered patio and pool, and an ensuite bath with a soaking tub, oversized shower, dual vanities, and a walk-in closet. The saltwater heated pool has a built-in spa and bar stools. Upstairs, there is a landing area with a craft nook, two bedrooms with a shared bath and double vanity, and a third oversized bedroom currently used as a media/game room with a full bathroom and walk-in attic storage. A detached barn-style building with three garage bays and a separate entry door is also located on the property. The land is mostly level, cleared, and partially fenced, with a small wooded area. The property is partially fenced for horses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center HVAC Service Clothing & Fashion Store Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumming
    County
    Forsyth
    State
    Georgia
    Longitude
    -84.26404
    Latitude
    34.216191

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    FAQs

    What type of property is this?
    Horse & equestrian property - Modern farmhouse on 3.68 acres near Milton and Cumming.
    Where is this horse & equestrian property located?
    The property is located at 490 Lummus Rd Cumming, GA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Modern farmhouse on 3.86 acres built in 2022, offering a vacation-like lifestyle.; - Enjoy sweeping views from the saltwater heated pool with built-in spa and bar stools.; - Stunning island kitchen features quartz countertops, farmhouse sink, double ovens, and walk-in pantry.
    (678) 910-4620
    Request Owner's contact information
    490 Lummus Rd Cumming, GA 30040
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    Cumming, GA 30040
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    490 Lummus Rd Cumming, GA 30040
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    Listing Contact
    Team McCook Realtors
    (678) 910-4620 (770) 844-8484
    Learn more
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