1501 E Panama Drive, Centennial, CO 80121
OFF MARKET

1501 E Panama Drive
Centennial, CO 80121

  • 3 Beds
  • 1 Bath
  • 2,130 sqft (on 0.41 acres)

$533,100

Trulia Estimate
as of Jun 14, 2026
Est. Refi. Payment $2,957/mo*
Refinance Your Home

$533,100

Trulia Estimate
as of Jun 14, 2026
Est. Refi. Payment $2,957/mo*
Refinance Your Home
3 Beds
1 Bath
2,130 sqft
(on 0.41 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Welcome to your next big opportunity at 1501 East Panama Drive in beautiful Centennial! This charming brick home sits on an expansive 17,894 square foot lot, offering plenty of space for creativity and growth. With great bones, this property is a fantastic canvas for those with a vision.

Inside, you’ll find a comfortable 1,065 square feet of living space, ready to be transformed into a cozy haven. The home features three spacious bedrooms and one bathroom. An added bonus is the 1,065 square foot unfinished basement, offering even more potential for expansion or customization. Whether you dream of a home gym, extra living space, or a workshop, this basement is ready for your personal touch.

The property is equipped with central air for year-round comfort, and recent updates include a NEW hot water heater and a NEW sewer line, adding to the home's value and reliability. While the home itself needs some updating and TLC, it's the perfect fixer-upper investment for those who love a good project or are seeking to create their dream home.

The large lot provides endless possibilities for outdoor enthusiasts. Imagine designing your perfect garden, creating an outdoor entertainment area, or even expanding the current home. Bring your dreams and see the potential in this well-located property. Whether you’re a first-time homebuyer or an investor looking for your next project, 1501 East Panama Drive offers the promise of something special. The bones are fantastic and it's just waiting for your vision to be applied. Don’t miss this wonderful opportunity to craft a space uniquely your own in a desirable location! This home is being sold 'AS-IS'.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 29, 2025

Home Highlights

Parking
2 Car Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1501 E Panama Drive

Interior Features

Interior Details
Basement: Full,UnfinishedNumber of Rooms: 7Types of Rooms: Bedroom, Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 2130 Square Feet
Appliances & Utilities
Utilities: Electricity ConnectedAppliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, WasherDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Carpet
View
No View

Exterior Features

Exterior Home Features
Foundation: Slab
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Concrete
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1065 Square Feet

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Construction Materials: BrickNot Attached PropertyDoes Not Include Home Warranty
Property Information
Condition: FixerNot Included in Sale: NoneParcel Number: 032121432

Price & Status

Price
List Price: $525,000
Status Change & Dates
Off Market Date: Fri Mar 14 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: CentennialCommunity: Broadway Estates 3rd Flg
School Information
Elementary School: Littleton AcademyElementary School District: Littleton 6Jr High / Middle School: EuclidJr High / Middle School District: Littleton 6High School: LittletonHigh School District: Littleton 6

Building

Building Area
Building Area: 2130 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 0.41 acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: None KnownListing Terms: Cash, Conventional, FHA, VA Loan

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Business

Business Information
Ownership: Individual

Miscellaneous

BasementMls Number: 5842453Attribution Contact: cole.rudy@compass.com, 720-704-4882Above Grade Unfinished Area: 1065Below Grade Unfinished Area: 1065Showing Service Name: Showing Time
Last check for updates: about 13 hours ago
Listed by Cole Rudy, (720) 704-4882
Compass - Denver
Elizabeth Daniels, (720) 539-3609
Compass - Denver
Bought with: Paul Friedrich, (828) 582-4555, The Resource Group LLC
Co-Buyer's Agent: Alese Wordley, (281) 224-2768, The Resource Group LLC
Source: REcolorado as distributed by MLS GRID, MLS#5842453

Price History for 1501 E Panama Drive

DatePriceEventSource
03/28/2025$552,000Sold
REcolorado as distributed by MLS GRID #5842453
03/15/2025$525,000PendingREcolorado as distributed by MLS GRID #5842453
03/13/2025$525,000Listed For SaleREcolorado as distributed by MLS GRID #5842453

Market trends in Centennial

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$644K
$3.33KMoM
Sale-to-List Price
99.7%
0.6%MoM
Price per sq ft
$257
$1MoM
Available listings
417
18MoM
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Property Tax and Assessment

Year2025
Tax$3,490
Assessment$569,500
Home facts updated by county records

Homeowner tools

Estimated monthly rent$2,449/mo
List your home for rent

Comparable Sales for 1501 E Panama Drive

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1805 E Panama Drive, Centennial, CO
0.18
Single-Family Home
$545,000
12/05/25
4
2
2,151
6524 S Franklin Street, Centennial, CO
0.25
Single-Family Home
$535,000
06/12/26
3
2
3,172
6584 S Franklin Street, Centennial, CO
0.33
Single-Family Home
$625,000
11/03/25
3
2
2,538
6490 S Clarkson Street, Centennial, CO
0.41
Single-Family Home
$565,000
04/14/26
3
2
2,492
1501 E Caley Ave, Centennial, CO
0.07
Single-Family Home
$915,000
10/03/25
4
3
2,687
6478 S Marion Street, Centennial, CO
0.23
Single-Family Home
$570,200
10/10/25
4
2.5
2,714
1685 E Noble Place, Centennial, CO
0.27
Single-Family Home
$555,000
09/22/25
5
2
2,618
6392 S Lafayette Street, Centennial, CO
0.09
Single-Family Home
$785,000
07/31/25
4
4
2,958
1997 E Euclid Avenue, Centennial, CO
0.34
Single-Family Home
$570,000
01/02/26
4
2
1,848
6500 S Downing Street, Centennial, CO
0.29
Single-Family Home
$730,000
06/20/25
3
3
2,404

Nearby homes

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Assigned Schools

These are the assigned schools for 1501 E Panama Drive.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Centennial

At least 372 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 92 % Say car is needed

  • 92 % Say there are sidewalks

  • 89 % Say parking is easy

  • 79 % Say people would walk alone at night

  • 79 % Say there's holiday spirit

  • 79 % Say yards are well-kept

  • 75 % Say kids play outside

  • 69 % Say it's quiet

  • 64 % Say streets are well-lit

  • 64 % Say there's wildlife

  • 60 % Say neighbors are friendly

  • 59 % Say it's walkable to grocery stores

  • 55 % Say they plan to stay for at least 5 years

  • 49 % Say it's walkable to restaurants

  • 41 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Quentin Farrell
    "Great access to the community in and around the arapahoe and parker areas. Movies, entertainment, dining, and recreation all around. "
    0
    Flag
  • Oksana Kubichka
    "Lots of dogs around; people usually pick up after their dogs; dogs are friendly; not much barking. Mobile groomers often come to our neighbors. "
    0
    Flag
  • Oksana Kubichka
    "My neighborhood is in a close proximity to all stores and places I need. I feel good and safe living here. "
    0
    Flag
  • Oksana Kubichka
    "Food trucks and HOA organized movie nights, farmer market. Not so many I’m aware of as we have not been living long enough here"
    0
    Flag
  • 4garces
    "I’m just visiting, I came for work. But the are looks pretty nice and clean. I’m impressed on how the streets are so clean. "
    0
    Flag
  • Sonia Jordan
    "I see people all the time walking their pets in the neighborhood! An abundance of pet lovers! Including my grandsons!"
    0
    Flag
  • Trulia User
    "It’s been a pleasure to stay around here. Very easy going, hard working folks that’s just want to enjoy the weather and all Colorado had to offer."
    0
    Flag
  • Isaac De Luna
    "There is a huge dog park at Cherry Creek reservoir . Lots of sidewalks for walks and bags stands for poop"
    1
    Flag
  • Trulia User
    "Plenty of young families live in this area. I've seen several friendly, neighborly exchanges during my time here. "
    0
    Flag
  • Trulia User
    "Very friendly to all types of dogs..they’re always on leashes, mostly very well behaved. My dog is one of the “least trained in the neighborhood but other people like him…..other dogs not so much…."
    1
    Flag
  • Trulia User
    "Traffic is traffic and it’s busy everywhere around Denver. It will take you 25 minutes to get to denver or an hour to get to evergreen. But it’s worth it. "
    1
    Flag
  • Trulia User
    "pet friendly area and good neighborhood. It is well lit with sidewalks and no speeding. courteous neighbors. "
    0
    Flag
  • Britney C.
    "Easy access to I25 and 470. 20+ minutes to downtown and 30 to the airport. Downtown Littleton is and adorable area to shop, with great restaurants!"
    7
    Flag
  • Annette M.
    "our dog owners love this neighborhood and are friendly and talkative to each other. the dogs get along "
    0
    Flag
  • Victoria G.
    "Privacy, large lots and quiet. Neighbors care for their property and family oriented. Great school districts."
    0
    Flag
  • Sarah E.
    "Absolutely love this area. Everyone is friendly, it is safe and clean, with easy access to everything. "
    0
    Flag
  • Lbjreilly
    "Love this community. Outdoor movie nights, block parties and just a sense of family here. For families, it’s nice knowing there are parents just like you right next door "
    4
    Flag
  • Lbjreilly
    "I have lived here for 12 years and absolutely love it. The schools are amazing, neighborhoods are a tight knit community. It feels like small town in a big city. "
    6
    Flag
  • Jocelyn R.
    "Not many dogs in this neighborhood. However they do have lots of doggie poop trash areas. That’s it. "
    2
    Flag
  • Abbey S.
    "Communal living with lots of neighborhood activities to attend. Safe living, would walk alone at night, etc. "
    2
    Flag
  • Kristie H.
    "Great schools, lots of kids in our neighborhood for my daughter to play with close to home while enjoying the outdoors! Beautifully maintained yards and homes. We enjoy the great local eating spots. Close proximity to shopping and fun activities. Pools and bike trails galore! During. Halloween we have to get tons of candy because there are tons of cute kiddos trick or treating. We love living in Centennial! "
    0
    Flag
  • Luckeyheidi
    "Arapahoe sucks but the traffic isn’t bad otherwise. Parker Road is also rough during rush hour, mostly only around Arapahoe "
    0
    Flag
  • Rhonda O.
    "Good schools in the area. Family friendly. Nice parks and trails. Centrally located close to several expressways. "
    1
    Flag
  • Kllv888
    "Trails all over and lots of dog owners. Kept on leash. Water nearby is great too. It’s expensive "
    0
    Flag
  • Kristinmck22
    "Great neighbors and community events—pool parties, Halloween parties, chili cooking contests, book club, dinner parties, etc"
    0
    Flag
  • Kmbutler321
    "It’s a quiet neighborhood and is very centrally located to everything you would need. Plus it’s a short drive to downtown."
    2
    Flag
  • Maddi A.
    "It’s a very safe and friendly neighborhood, absolutely great for families, beautiful area for being outdoors. "
    0
    Flag
  • Happizappi
    "Quite neighborhood, friendly neighbors, I’ve lived here a year and love it. Well maintained environment. Close to everything. Unique houses...central location to a lot of things in Denver "
    0
    Flag
  • Jamie B. D. C.
    "This is a fast growing community. Lots of community things to do. generally friendly people. Lots of families. "
    0
    Flag
  • Kami C.
    "Story book childhood growing up here! Lived on open space and loved it. Mature trees and old school lots where you don’t look in your neighbors windows. "
    0
    Flag
  • Rohighlander
    "Nearby schools. Quick interstate access to airport and the mountains as well as new developments within the surrounding areas only increases property values "
    0
    Flag
  • Josluavila
    "I am not aware of any community events in this neighborhood. There is a community garage sale once a year in the summer."
    0
    Flag
  • LaQuita S.
    "I just moved here looking forward to seeing that. Love the neighborhood and the park area Colorado altogether is new to me so it’s been good so far"
    0
    Flag
  • Gaytral A.
    "Very safe, family-oriented neighborhoods where people watch out for each other and their kids. Well maintained, safe, and friendly. "
    0
    Flag
  • Theamenhill
    "Safe and very centralized. Close to shop, highway and around 30 minutes from the airport and downtown Denver."
    1
    Flag
  • Rattlesnakejim
    "Annual neighborhood car show, deck crawls, several neighborhood social parties, horse trails, views, acreage yet close to everything and safe. "
    0
    Flag
  • Emilyp668
    "Family friendly neighborhood with wonderful Elementary school. I grew up in this neighborhood and loved everything about it. "
    0
    Flag
  • Valerio.max
    "This is a safe neighborhood with friendly, helpful neighbors. Great schools and not far from the light rail to Denver."
    0
    Flag
  • Mark W.
    "We are all quite and get along well. Rarely see police but get to view free sporting events from my porch!!!"
    0
    Flag
  • Tracy S.
    "My commute is fantastic. I literally live 5 mins. from my job. I work 9pm to 7am. I work and sleep. I would like to find something near County Line Rd and Broadway. "
    0
    Flag

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Homes for sale near 1501 E Panama Drive

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Off Market Homes Near 1501 E Panama Drive

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© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. Some IDX listings have been excluded from this website. Click here for more information
1501 E Panama Drive, Centennial, CO 80121 is a 3 bedroom, 1 bathroom, 2,130 sqft single-family home built in 1969. This property is not currently available for sale. 1501 E Panama Drive was last sold on Mar 28, 2025 for $552,000 (5% higher than the asking price of $525,000). The current Trulia Estimate for 1501 E Panama Drive is $533,100.