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2049 E Phillips Lane, Centennial, CO, 80122

3beds
2baths
1,958sqft
$479,900
$245price/sqft
$3,070/moest. monthly cost
$122,800/yrincome needed

About This Home

Move-in ready and mechanically sound, this home features a newer furnace and A/C, so the big-ticket systems are already handled and buyers can settle in with confidence from day one. Add in HOA-maintained exterior upkeep and you have a rare combination in University Place at Four Lakes: a detached home with a spacious private yard, without the maintenance burden. The HOA is a true value, covering exterior maintenance, paint, fencing and front yard care (including sprinkler blowout, fertilizing and trees), plus trash and recycling service and access to impressive community amenities including a clubhouse, pool, tennis courts and fitness center and the seller's insurance is only $1,321 a year. Inside, this inviting 3-bedroom home offers a bright, open-concept layout ideal for both everyday living and entertaining. The sun-filled main level flows seamlessly between the living room, dining area and kitchen, with durable wood flooring adding both style and practicality. Upstairs, the spacious primary bedroom includes its own private vanity area and access to a full bath with tub/shower, and a second generously sized bedroom completes the upper level. The finished basement expands the living space with a private third bedroom plus a large utility and storage room with laundry, including washer and dryer. Additional highlights include an attached 2-car garage, large paver patio and a private backyard with a 6-foot privacy fence. Conveniently located with quick access to C-470, DTC, the Foothills, Streets at SouthGlenn, parks, restaurants and shopping, all within a highly regarded school district.

Getting Around

69
WalkingSomewhat Walkable
21
TransitMinimal Transit
64
BikeBikeable

Schools

6/10
8/10
Arapahoe High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1984

Materials

  • Roof: Composition
  • Construction materials: Brick,Frame,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Gas Water Heater,Microwave,Range,Range Hood,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Finished,Partial

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bedroom

  • Features: Primary Suite
  • Level: Upper
  • Area: 165
  • Dimensions: 11 x 15

Bedroom

  • Level: Upper
  • Area: 132
  • Dimensions: 11 x 12

Bedroom

  • Level: Basement
  • Area: 156
  • Dimensions: 12 x 13

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 99
  • Dimensions: 9 x 11

Features

  • High Ceilings,Laminate Counters,Open Floorplan,Primary Suite,Radon Mitigation System,Solid Surface Counters,Vaulted Ceiling(s)
  • Window features: Double Pane Windows,Window Coverings
  • Flooring: Carpet,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 294
  • Finished area above ground: 1,280

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,958
  • Total interior livable area: 1,958 sqft

Kitchen

  • Level: Main
  • Area: 121
  • Dimensions: 11 x 11

Living Room

  • Level: Main
  • Area: 234
  • Dimensions: 18 x 13

Utility Room

  • Level: Basement
  • Area: 250
  • Dimensions: 10 x 25

Property

Details

  • Parcel number: 032473037
  • Special condition: Standard
  • Exclusions: Seller's Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Private Yard
  • Fencing: Full

Lot

  • Lot size: 3,528 sqft
  • Features: Near Public Transit

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Hail
    HailRelatively High
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Lightning
Tornado

FEMA Declared Disasters Across Colorado Counties

Flood
Severe Storm
Tornado

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 $2,426$29,112
Home Insurance *$239$2,868
Property Taxes $219$2,628
Electricity $186$2,232
Total$3,070$36,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,257/yr
40% on housing$92,100/yr
45% on housing$81,866/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

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: 14.1%
14.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$245This listing

vs Other Active Listings

Avg $/sqft

ZIP 80122$201
Arapahoe County$181

vs Homes Sold Last Month

Median $/sqft

ZIP 80122$253
Arapahoe County$246

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)

Price History

DateEventPrice
2026-08-10Price change$469,900
2026-07-12Price change$479,900
2026-06-17Price change$489,900
2026-06-01Listed for sale$499,900
2025-01-11Listing removed$2,700
2024-12-29Listed for rent$2,700
2024-12-18Listing removed$2,700
2024-12-12Price change$2,750
2024-12-03Price change$2,800
2024-11-23Price change$2,850
2024-11-20Price change$2,900
2024-11-15Price change$3,000
2024-11-08Listed for rent$3,050
2019-12-03Sold$390,000
2019-10-21Pending sale$389,900
2019-10-10Listed for sale$389,900
2000-10-04Sold$183,500

For Sale by Agent

AgentDamon L Chavez
BrokerageRE/MAX Professionals

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