See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

613 Hutchison Rd, Paris, KY, 40361

5beds
5baths
5,500sqft
$5,950,000
$1,082price/sqft
$38,771/moest. monthly cost
$1,550,840/yrincome needed

About This Home

NEW PRICE! Royal Oak Farm is a well located 283 acre working Horse Farm between Lexington and Paris KY, just 1.8 miles off famed Paris Pike. The current owners have created and designed an efficient and pleasing property on which to raise the best equine athletes in the world. Amenities include a lovely 2 story brick main residence and pool, built in 2005 with over 5,500 sqft of living space that include 5 bedrooms 4 full baths, the 1st floor contains a large kitchen, expansive great/family room, formal living and dining rooms, lovely fireplaces, all with 10ft ceilings and antique hardwood floors. Farm improvements include 70 stalls in 6 barns, over 20 paddocks and 8 large fields, a maintenance and hay storage area, employee residence, employee barn apartment and much more. Royal Oak is Turn-Key property with a history of raising quality horses in a great location with distinctive lifestyle amenities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

5/10
4/10

Construction

Condition

  • Year built: 2005

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Farm

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Breakfast Bar,Eat-in Kitchen,Walk-In Closet(s),Ceiling Fan(s)
  • Flooring: Hardwood
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 5,500

Heating & Cooling

  • Heating features: Geothermal
  • Cooling features: Central Air,Geothermal

Interior Area

  • Total structure area: 5,500
  • Total interior livable area: 5,500 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: Second

Property

Details

  • Parcel number: 0190000009.00
  • Zoning: AR
  • Horse amenities: Wash Rack,Barn,Paddocks,Pasture,Round Pen,Stable(s),Tack Room,Horse Walker

Features

  • Levels: Two
  • Pool features: In Ground
  • Fencing: Plank
  • Has view: Yes
  • View description: Rural,Farm,Water
  • Has water view: Yes
  • Water view: Water
  • Topography of land: Gentle Sloping, Level

Lot

  • Lot size: 283.90 Acres
  • Features: Level,Gentle Sloping

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 WindVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Strong Wind
Inland Flooding
Lightning
Tornado
Winter Weather
Cold Wave
Hail
Ice Storm

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 $30,086$361,032
Home Insurance *$3,711$44,532
Property Taxes $4,540$54,480
Electricity $434$5,212
Total$38,771$465,252
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,329,291/yr
40% on housing$1,163,130/yr
45% on housing$1,033,893/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

$1,082This listing

vs Other Active Listings

Avg $/sqft

ZIP 40361$828
Bourbon County$793

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
2026-04-16Listed for sale$5,950,000
2026-04-01Listing removed$6,450,000
2026-01-07Price change$6,450,000
2025-11-01Listed for sale$6,900,000
1999-09-13Sold$936,316

For Sale by Agent

AgentTom Biederman
BrokerageBiederman Real Estate

Similar Homes