4507 E LANTERN Place
Gilbert, AZ 85297
Power Ranch- 5 Beds
- 3 Baths
- 3,353 sqft
5 Beds
3 Baths
3,353 sqft
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2003
Living Area
3,353 sqft
Price/Sqft
$203
Parking
Garage
HOA
$116/Monthly
About this House
Your dream home awaits in the award-winning Power Ranch community! From the moment you pull up, your greeted with exquisite stone accents, 3 car garage and an extended driveway. Step inside and you're greeted by a dramatic entryway, elegant flooring and fresh interior paint. Features a spacious loft, full bedroom downstairs next to a renovated bath, 2 large family rooms, AND the primary retreat has a separate space that can be used for a home office, gym or you decide! Large chef kitchen with center island, plus oversized breakfast bar, and a separate dining space with two pantries. Situated on an oversized lot with no neighbors directly behind, the backyard is a true retreat—featuring a sparkling heated pool, relaxing spa, large grassy play area, and a covered patio ideal for... Arizona outdoor living. Upstairs features a smart split layout with a versatile loft, three bedrooms with new carpet, a full bath on one side, and a luxurious primary suite on the other. The oversized primary includes a spa-like bath with dual sinks, separate shower, and relaxing soaking tub. Large laundry room offers extra storage. This home checks every boxcome see it today! Power Ranch is home to 2 elementary schools, 2 heated community pools, lush greenbelts, miles of walking trails, catch and release lakes, soccer fields, parks, basketball courts, and a clubhouse. Welcome home!
4507 E LANTERN Place, Gilbert, AZ 85297 is a 5 bedroom, 3 bathroom, 3,353 sqft single-family home in Power Ranch, built in 2003. It last sold for $685,000 on Aug 8, 2025 (3% below the $709,000 asking price). It is currently off market. The Trulia Estimate is $680,800, with a rent estimate of $4,156/month.
Home Details for 4507 E LANTERN Place
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 3353 Square Feet |
Appliances & Utilities Appliances: Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric CooktopDishwasherDisposalLaundry: InsideRefrigeratorWasher |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa Spa: Heated, PrivateNo FireplaceHas a Spa |
Windows, Doors, Floors & Walls Window: Double Pane Windows, Vinyl FrameFlooring: Carpet, Laminate, Tile |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Floors: Carpet, Laminate, Tile |
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Exterior Home Features Roof: TilePatio / Porch: Covered, PatioFencing: BlockExterior: BalconyHas a Private Pool |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Open Parking Spaces: 5No CarportHas a GarageHas Open ParkingParking Spaces: 8Parking: Garage Door Opener |
Pool Pool: HeatedPool |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 79 |
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Year Built Year Built: 2003 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Santa Barbara/Tuscan |
Building Construction Materials: Brick Veneer, Stucco, Wood Frame, PaintedNot Attached Property |
Property Information Parcel Number: 31302763 |
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Price List Price: $709,000 |
Status Change & Dates Off Market Date: Sat Aug 09 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: GilbertCommunity: POWER RANCH NEIGHBORHOOD 3 |
School Information Elementary School: Power Ranch ElementaryElementary School District: Higley Unified School DistrictJr High / Middle School: Sossaman Middle SchoolHigh School: Higley High SchoolHigh School District: Higley Unified School District |
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Building Details Builder Name: William Lyons |
Building Area Building Area: 3353 Square Feet |
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Community Features: Pool, Lake, Playground, Biking/Walking Path |
Other Playground |
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HOA Fee Includes: Maintenance GroundsHOA Name: Power Ranch Assoc.HOA Phone: 480-988-0960Has an HOAHOA Fee: $349/Quarterly |
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Lot Area: 10040 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 6869834 |
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PoolLakePlaygroundBiking/Walking Path |
Last check for updates: about 3 hours ago
Listed by Elizabeth H Muehlhausen, (520) 907-4004
Compass
Bought with: Cassie M Hudson, (480) 466-6367, Real Broker
Source: ARMLS, MLS#6869834

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Price History for 4507 E LANTERN Place
| Date | Price | Event | Source |
|---|---|---|---|
| 08/08/2025 | $685,000 | Sold | ARMLS #6869834 |
| 06/06/2025 | $709,000 | PriceChange | ARMLS #6869834 |
| 05/22/2025 | $739,990 | Listed For Sale | ARMLS #6869834 |
| 03/24/2004 | $246,952 | Sold | N/A |
Market trends in Gilbert
Last updated June 2026
Avg. sale price
$569K
$3.33KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$279
$1MoM
Available listings
1121
48MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,719 |
| Assessment | $586,800 |
Home facts updated by county records
Comparable Sales for 4507 E LANTERN Place
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Single-Family Home | $700,000 | 07/20/26 | 4 | 2.5 | 3,353 | |
0.25 | Single-Family Home | $712,000 | 12/22/25 | 5 | 3 | 3,353 | |
0.13 | Single-Family Home | $899,000 | 06/30/26 | 5 | 3 | 4,092 | |
0.23 | Single-Family Home | $705,000 | 04/30/26 | 4 | 2.5 | 3,353 | |
0.27 | Single-Family Home | $780,000 | 09/26/25 | 6 | 3 | 3,241 | |
0.21 | Single-Family Home | $617,500 | 12/09/25 | 5 | 3 | 2,667 | |
0.18 | Single-Family Home | $900,000 | 01/07/26 | 4 | 3 | 3,698 | |
0.17 | Single-Family Home | $989,900 | 12/10/25 | 4 | 3.5 | 3,411 | |
0.10 | Single-Family Home | $669,000 | 04/07/26 | 4 | 2 | 2,400 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 4507 E LANTERN Place.
What Locals Say about Power Ranch
At least 107 Trulia users voted on each feature.
99 % Say there are sidewalks
93 % Say it's dog friendly
93 % Say car is needed
90 % Say kids play outside
90 % Say there's holiday spirit
86 % Say people would walk alone at night
85 % Say streets are well-lit
82 % Say parking is easy
79 % Say yards are well-kept
77 % Say it's quiet
68 % Say they plan to stay for at least 5 years
62 % Say neighbors are friendly
52 % Say there's wildlife
52 % Say there are community events
44 % Say it's walkable to grocery stores
35 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
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