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'.
Sold for $552,000 on 03/28/25
$552,000
1501 E Panama Drive, Centennial, CO 80121
3beds
2,130sqft
Single Family Residence
Built in 1969
0.41 Acres Lot
$551,500 Zestimate®
$259/sqft
$2,444 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 29, 2025 at 10:12am
Listed by:
Cole Rudy 720-704-4882 cole.rudy@compass.com,
Compass - Denver,
Elizabeth Daniels 720-539-3609,
Compass - Denver
Bought with:
Paul Friedrich, 100101937
The Resource Group LLC
Alese Wordley, 100075257
The Resource Group LLC
Source: REcolorado,MLS#: 5842453

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Features
- Flooring: Carpet
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,130
- Total interior livable area: 2,130 sqft
- Finished area above ground: 1,065
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Concrete
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.41 Acres
Details
- Parcel number: 032121432
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Shingle
Condition
- Fixer
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Centennial
- Subdivision: Broadway Estates 3rd Flg
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Individual
Services availability

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Estimated market value
$551,500