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3047 Cane Ridge Rd, Paris, KY, 40361

5beds
2baths
2,672sqft
$175,000
$65price/sqft
$1,418/moest. monthly cost
$56,720/yrincome needed

About This Home

Check out all the space in this house, 2670 +/- sq. ft. 5 bedroom / 2 full bath home with a Nice yard. Many major updates have been completed along with a new septic tank. This home currently rents for $1500.00 per month and is part of a multi property portfolio that can be bought as a package or separately. Buyer or buyer agent to verify schools and sq. ft. Cash or conventional

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

5/10
4/10
Bourbon County High SchoolGrades 9-1212.1 mi

Construction

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator,Range
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bathroom4

  • Level: Second

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Eat-in Kitchen
  • Window features: Insulated Windows
  • Flooring: Vinyl,Wood
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 2,672

Heating & Cooling

  • Heating features: Heat Pump,Ductless
  • Cooling features: Ductless,Heat Pump

Interior Area

  • Total structure area: 2,672
  • Total interior livable area: 2,672 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 0656001008.00

Features

  • Levels: Two
  • Fencing: Partial

Lot

  • Lot size: 0.26 Acres
  • Features: Many Trees

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Inland Flooding
Lightning
Tornado
Winter Weather

FEMA Declared Disasters Across Kentucky Counties

Flood
Hurricane
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $884$10,608
Home Insurance *$109$1,308
Property Taxes $214$2,568
Electricity $211$2,532
Total$1,418$17,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,617/yr
40% on housing$42,540/yr
45% on housing$37,813/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$65This listing

vs Other Active Listings

Avg $/sqft

ZIP 40361$861
Bourbon County$823

vs Homes Sold Last Month

Median $/sqft

ZIP 40361$141
Bourbon County$176

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-06Price change$175,000
2026-05-18Listed for sale$200,000
2022-05-17Sold$55,000
2011-09-21Sold$50,000

For Sale by Agent

AgentChad S. Nichols
BrokerageNichols Real Estate

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