$685,000
4507 E LANTERN Place
Gilbert, AZ 85297
MLS# 6869834
Status: Closed
5 beds  |  3 baths


04 Lantern
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04 Lantern Family room virutally staged Primary suite virtually staged beautiful stone front Extended driveway 23 Lantern 21 Lantern 24 Lantern family room 2 virtually staged 08 Lantern Family room 13 Lantern 14 Lantern 15 Lantern 16 Lantern eat in kitchen virtually staged eat in kitchen Renovated spa bath 28 Lantern 27 Lantern Primary with extra rm. view primary suite with extra room 30 Lantern 32 Lantern 35 Lantern 36 Lantern 37 Lantern 40 Lantern 41 Lantern 42 Lantern 43 Lantern 44 Lantern 46 Lantern 47 Lantern 58 Lantern 57 Lantern 56 Lantern 59 Lantern 55 Lantern 54 Lantern 60 Lantern 61 Lantern Laudry with cabinets community pool PR lake 2 Power Ranch lake

Property Description
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...

Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Sold Price: $685,000
Status: Closed
Current Price: $685,000
List Date: 2025-05-22
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): LOT 77 POWER RANCH NEIGHBORHOOD 3 MCR 053211
Assessor's Parcel #: 763
Tax Municipality: Gilbert
Taxes: 2974
House Number: 4507
Compass: E
Street Name: LANTERN
St Suffix: Place
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85297
Zip4: 9525
County Code: Maricopa
Assessor Number: 313-02-763
Subdivision: POWER RANCH NEIGHBORHOOD 3
Tax Year: 2024
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 2
Approx SQFT: 3353
Price/SqFt: 204.29
Approx Lot SqFt: 10040
Approx Lot Acres: 0.23
Horses: N
Builder Name: William Lyons
Elementary School District: Higley Unified School District
High School District: Higley Unified School District
Elementary School: Power Ranch Elementary
Jr. High School: Sossaman Middle School
High School: Higley High School
Community Pool Y/N: Yes
Private Pool Y/N: Yes
Planned Comm Name: Power Ranch
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 2
# Bedrooms: 5
Total Bathrooms: 3
Year Built: 2003
Legal Info
Range: 6E
Section: 12
Township: 2S
Lot Number: 77
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Brick Veneer: 1
Roofing
Tile: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: No
HOA Transfer Fee: 0
HOA Fee: 348.75
HOA Paid Frequency: Quarterly
HOA Name: Power Ranch Assoc.
HOA Telephone: 480-988-0960
HOA Management Company: CCMC
HOA Management Phone: 480-921-7500
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 2500
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 348
Disclosure Fees HOA: 382
Other Fees HOA: 0
Com Facilities Distr: N
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 116.25
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Architecture
Santa Barbara/Tuscan: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Upstairs: 1
Additional Bedroom
Other Bedroom Downstairs: 1
Master Bedroom Walk-in Closet: 1
Master Bedroom Sitting Room: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Window Features
Dual Pane: 1
Vinyl Frame: 1
Private Pool Features
Heated: 1
Community Features
Biking/Walking Path: 1
Children's Playgrnd: 1
Clubhouse/Rec Room: 1
Lake: 1
Dining Area
Eat-in Kitchen: 1
Breakfast Bar: 1
Breakfast Room: 1
Heating
Natural Gas: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Kitchen Island: 1
Laminate Counters: 1
Built-in Microwave: 1
Pantry: 1
Range/Oven Elec: 1
Refrigerator: 1
Electric Cooktop: 1
Cooling
Central Air: 1
Laundry
Washer Included: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Family Room: 1
Great Room: 1
Loft: 1
Separate Den/Office
Sep Den/Office Y/N: N
Technology
3+ Exist Tele Lines: 1
Cable TV Avail: 1
High Speed Internet: 1
Fencing
Block: 1
Water Source
City Water: 1
Exterior Features
Balcony: 1
Covered Patio(s): 1
Patio: 1
Spa
Private: 1
Heated: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 5
Total Covered Spaces: 3
Garage Spaces: 3
Parking Features
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Plumbing
Gas Hot Water Heater: 1
Utilities
SRP: 1
SW Gas: 1
Existing 1st Loan
Conventional: 1
Landscaping
Gravel/Stone Front: 1
Desert Front: 1
Grass Back: 1
Irrigation Front: 1
Irrigation Back: 1
Items Updated
Floor Yr Updated: 2025
Floor Partial/Full: Partial
Plmbg Yr Updated: 2022
Plmbg Partial/Full: Partial
Ht/Cool Yr Updated: 2025
Ht/Cool Partial/Full: Partial
Disclosures
Seller Discl Avail: 1
Possession
Close of Escrow: 1
Association Fee Incl
Common Area Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
No Visible Truck Trailer RV Boat: 1
Rental OK (See Rmks): 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Germann and Ranch House Parkway
Directions: From Germann, south on Ranch House Pkwy, east on Branded, north on Desperado, west on Lantern.
Geo Lat: 33.267661
Geo Lon: -111.69295
Status Change Info
Off Market Date: 2025-08-09
Under Contract Date: 2025-07-12
Close of Escrow Date: 2025-08-08
Sold Price: $685,000
Property Features
Special Listing Cond: N/A
Architecture: Santa Barbara/Tuscan
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Upstairs
Additional Bedroom: Other Bedroom Downstairs; Master Bedroom Walk-in Closet; Master Bedroom Sitting Room
Flooring: Carpet; Laminate; Tile
Window Features: Dual Pane; Vinyl Frame
Private Pool Features: Heated
Spa: Private; Heated
Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Lake
Dining Area: Eat-in Kitchen; Breakfast Bar; Breakfast Room
Kitchen Features: Range/Oven Elec; Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Laminate Counters; Kitchen Island
Laundry: Washer Included; Inside
Other Rooms: Family Room; Great Room; Loft
Technology: 3+ Exist Tele Lines; Cable TV Avail; High Speed Internet
Exterior Features: Balcony; Covered Patio(s); Patio
Parking Features: Garage Door Opener
Construction: Wood Frame
Const - Finish: Painted; Stucco; Brick Veneer
Roofing: Tile
Cooling: Central Air
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: SRP; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Fencing: Block
Landscaping: Gravel/Stone Front; Desert Front; Grass Back; Irrigation Front; Irrigation Back
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Supplements
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!

IDX
Listing Office: Compass

Last Updated: April - 23 - 2026

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