4540 E Lantern Pl, Gilbert, AZ 85297
Property image
Property image
OFF MARKET

$835,900

Trulia Estimate
  • 5 Beds
  • 3 Baths
  • 3,353 sqft (on 7 acres)

4540 E Lantern Pl, Gilbert, AZ 85297

Power Ranch
Est. Refi. Payment $4,946/mo*
Refinance Your Home
Currently Off Market - Sold Feb 10, 2011 for $248,000

Home Value

Trulia Estimate
$836K
Since last month
Increased$2K (+0.2%)
Since last year
Increased$3K (+0.3%)
Since last sale
Increased$588K (+237.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +113% in the last 10 years
MonthEstimated value
2026
September 2026$836K
August 2026$834K
July 2026$823K
June 2026$834K
May 2026$854K
April 2026$859K
March 2026$856K
February 2026$840K
January 2026$839K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4490 E MARSHALL Avenue, Gilbert, AZ
0.10
Single-Family Home
$700,000
07/20/26
4
2.5
3,353
4609 E IRONHORSE Road, Gilbert, AZ
0.19
Single-Family Home
$712,000
12/22/25
5
3
3,353
4338 E LANTERN Place, Gilbert, AZ
0.25
Single-Family Home
$617,500
12/09/25
5
3
2,667
4616 E BUCKBOARD Court, Gilbert, AZ
0.17
Single-Family Home
$705,000
04/30/26
4
2.5
3,353
4614 E REINS Road, Gilbert, AZ
0.13
Single-Family Home
$899,000
06/30/26
5
3
4,092
4455 E MARSHALL Avenue, Gilbert, AZ
0.09
Single-Family Home
$669,000
04/07/26
4
2
2,400
4636 E CARRIAGE Court, Gilbert, AZ
0.18
Single-Family Home
$989,900
12/10/25
4
3.5
3,411
4721 S PABLO PASS Court, Gilbert, AZ
0.19
Single-Family Home
$815,000
09/18/26
4
3.5
3,411
4278 E LANTERN Place, Gilbert, AZ
0.29
Single-Family Home
$495,000
08/20/26
3
2.5
2,073
4450 E CARRIAGE Court, Gilbert, AZ
0.24
Single-Family Home
$900,000
01/07/26
4
3
3,698

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
4507 E LANTERN Place, Gilbert, AZ 85297
0.06
$673,200
5
3
3,353
Off Market
4481 E LANTERN Place, Gilbert, AZ 85297
0.09
$709,900
4
2.5
3,353
For Sale
4572 E BANDIT COURT Court, Gilbert, AZ 85297
0.06
$681,000
4
2
2,400
Off Market
4471 E LANTERN Place, Gilbert, AZ 85297
0.10
$710,600
4
2.5
3,353
Off Market
4557 E DESPERADO Road, Gilbert, AZ 85297
0.08
$990,900
3
3.5
3,411
Off Market
4455 E MARSHALL Avenue, Gilbert, AZ 85297
0.09
$669,000
4
2
2,400
Recently Sold
4538 E MARSHALL Avenue, Gilbert, AZ 85297
0.05
$623,500
4
2
2,093
Off Market
4466 E Marshall Avenue, Gilbert, AZ 85297
0.11
$664,000
3
2
2,400
Off Market
4490 E MARSHALL Avenue, Gilbert, AZ 85297
0.10
$700,000
4
2.5
3,353
Recently Sold
4676 S Posse Trail, Gilbert, AZ 85297
0.14
$926,800
6
4
4,755
Off Market
4604 E Reins Road, Gilbert, AZ 85297
0.12
$740,900
4
3
2,829
Off Market
4702 S PABLO PASS Court, Gilbert, AZ 85297
0.17
$1,357,100
6
4.5
5,816
Off Market

Local Information

  • Map ViewExplore the area around 4540 E Lantern Pl.
  • Schools1 Preschool School1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2003
7 acre lot
3,353 sqft
$249/sqft
Garage

About this House

BACK ON THE MARKET.....MODEL LIKE UPGRADES! A Gourmet kitchen w/ Granite counters,all stainless steel appliances, gas cook top, built-in double ovens, 42' spiced cherryY cabinets w/ 3' crown molding. Diagonal 20' tile w/ custom stone inlay & upgraded carpet. Master Bedroom Suite w/ sitting room, gas fireplace, & Mountain views! Backyard w/ Huge old-world pavered patio w/ Stone planters. Designer touches throughout, 2' blinds, Roman Shades, custom paint, crown molding, RV gate, surround sound pre-wire, soft H20 loop, iron spindled stairway, laundry room cabinets & more. All this w/ park across street in the #1 Power Ranch. Get ready to be Charmed!
4540 E Lantern Pl, 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 $248,000 on Feb 10, 2011. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $835,900, with a rent estimate of $3,629/month.

Home Details for 4540 E Lantern Pl

Interior Features

Levels, Entrance, & Accessibility
Stories: 2
Interior Details
Number of Rooms: 11
Heating & Cooling
Air ConditioningCooling System: Refrigerator

Exterior Features

Exterior Home Features
Roof: TileExterior: WoodPatio
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7.00 acres

Price and Tax history

DateEventPrice
Feb 10, 2011
Source: ARMLS #4414426
Sold
$248,000
Nov 29, 2010
Source: Agent Provided
Listed For Sale
$250,000
Sep 11, 2010
Source: Agent Provided
ListingRemoved
$250,000
Aug 8, 2010
Source: Agent Provided
PriceChange
$250,000
Price decreased by 9%
Jul 17, 2010
Source: Agent Provided
PriceChange
$274,900
Price decreased by 5%

Market trends in Gilbert

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$575K
$1.5KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$279
$0MoM
Available listings
1109
4MoM

Around this home

Neighborhood Overview

Power Ranch
See Local Highlights
Neighborhood stats provided by third party data sources.

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.
  • Emma Adarlo
    "We have Christmas bazaar,during Christmas season, food bags for the less fortunate, food trucks during spring outdoor movies, etc"
    1
    Flag
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
    0
    Flag
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
    0
    Flag
  • Trulia User
    "they offer many different events throughout the year, movie night in the park, snow at Christmas, carnival, Bunco, crafts, etc."
    0
    Flag
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
    0
    Flag
  • Trulia User
    "Lots of parks and nice walking paths. Several families strolling around on a good weather day. Feels like a secluded community but multiple restaurants and bars just a walk or bike ride away!"
    1
    Flag
  • Trulia User
    "Power Ranch is a very family oriented community! Safe and friendly! Schools around Power Ranch are great!"
    0
    Flag
  • Trulia User
    "We moved in March 2021 to Gilbert, AZ and so far we like it. People are nice & friendly. What we don’t like is the crazy driving habits on side streets — like freeway driving — it’s risky and you hear accidents on the news each day!!! "
    2
    Flag
  • Trulia User
    "I moved here six months ago from the Bay Area. I like it that it’s quiet, clean & neighbors care about their front yard. "
    2
    Flag
  • Trulia User
    "Great neighborhood, great amenities , excellent schools, plenty of parks, safe, close to schools. Close to shops, restaurants, hospitals, dentists, and supermarkets. "
    1
    Flag
  • Trulia User
    "We moved here a month ago from San Francisco — so far we like it here. Most people are friendly and the community is very clean & safe. We like the many trails, vegetation, parks, pool, and it’s proximity to restaurants & stores. "
    0
    Flag
  • Erin D.
    "There are multiple fields for recreation use, paths for bikes, schools within the community and lots of activities for the whole family "
    1
    Flag
  • Tanya E.
    "I used to live in the Power Ranch Community for a year. I moved out of it, but was still visiting family who remained there. It has an amazing Clubhouse, The Barn is also great! It’s the neighborhood that I am trying to move back into."
    11
    Flag
  • Lwbaud
    "A mix of various price point homes. Well maintained, family oriented with parks, walking trails, elementary schools. "
    4
    Flag
  • Lwbaud
    "There are so many!!!!! Farmers Market/Good trunk Wednesdays, seasonal outings - like winter wonderland, clubs etc "
    0
    Flag
  • April S.
    "Too far, but self inflicted. We love it in power ranch but I work almost an hour commute away. Great neighborhood "
    0
    Flag
  • Nikki W.
    "Friendly neighbors. Can walk to the elementary school. Farmers markets. Tons of parks. 2 pools. So many events. Extremely safe neighborhood. "
    2
    Flag
  • Adam W.
    "There are a ton of kids in Power Ranch so be aware of the different unique amenities that each sub-neighborhood has so that your children can experience different activities."
    4
    Flag
  • Eric D.
    "going westbound in the morning and eastbound in the evening will have heavy traffic in both 202 and 60. "
    0
    Flag
  • Rudy H.
    "That is the one bad part of being this far out... traffic can be a nightmare but in the end it's well worth it as quality of life in the ranch is amazing."
    1
    Flag
  • Jjhageman
    "Power Ranch is a great neighborhood for families. Good schools and close to restaurants, freeways, and the SanTan Village shopping mall."
    6
    Flag
  • Rudy H.
    "it's the ranch... been here since the beginning and have no intention on ever leaving. very family oriented with well kept area's."
    6
    Flag
  • Katelyn3126
    "How safe and family oriented everything is makes power ranch very good for raising families. It's a little pricey, but it's worth it. There's lots of places around to eat and hang out."
    7
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 4540 E Lantern Pl

  • What is 4540 E Lantern Pl estimated to be worth?
    Trulia's estimated value for 4540 E Lantern Pl in Gilbert, AZ is $835,900.
  • What is the price history for 4540 E Lantern Pl?
    4540 E Lantern Pl in Gilbert, AZ last sold for $248,000 in February 2011.
  • Is Gilbert a buyer's or seller's market?
    Gilbert is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Gilbert?
    The median sale price in Gilbert is $575K. That is up $1.5K from the prior month.
  • Does 4540 E Lantern Pl have air conditioning?
    Yes, 4540 E Lantern Pl in Gilbert, AZ has air conditioning.
  • How big is the lot at 4540 E Lantern Pl?
    The lot at 4540 E Lantern Pl in Gilbert, AZ is about 0.19 acres (8,190 sq ft).

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