4507 E Lantern, Gilbert, AZ 85297 - Photo 1

1/1

$685,000

Sold
Closed
Single Family
5 Beds
3 Total Baths
0.23 Acres
3 Car Garage

1/1

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... 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!

Full Property Details

Full Property Details for 4507 E Lantern

General

Sold For: $685,000
HOA FEE: $116/month
HOA FEE FREQ.: Quarterly
Taxes: $2,974 (2024)
Status: Closed
Type: Single Family
Source: ARMLS_Arizona_MLS_Phoenix_Area
MLS ID: 6869834
Added to Site: 238 day(s) ago

Interior

Interior Features: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Laminate Counters
Fireplace(s): None
Flooring: Carpet, Laminate, Tile

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Additional Information

Pool: Yes
Pool Description: Heated

Exterior

Exterior Features: Balcony

Parking

Garage: Yes
Garage Spaces: 3
Parking Features: Garage Door Opener

Location

County: Maricopa
Township: 2S
Subdivision: POWER RANCH NEIGHBORHOOD 3
Cross Streets: Germann and Ranch House Parkway

Community

Association: Yes
Assoc. Name: Power Ranch Assoc.
Assoc. Fees Include: Maintenance Grounds

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air
Heating Type: Natural Gas

Utilities

Water: City Water
Utility Description: SRP, SW Gas

Structural Information

Architectural Style: Santa Barbara/Tuscan,
Builder: William Lyons
Exterior Const.: Brick Veneer, Stucco, Wood Frame, Painted
Roof: Tile
Windows: Dual Pane, Vinyl Frame
Sq. Ft. Source: Assessor
Year Built: 2003

Lot Features

Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,040
Lot Size Source: Assessor
Lot Features: Desert Front, Gravel/Stone Front, Grass Back, Irrigation Front, Irrigation Back
Fencing (Description): Block

Financial Considerations

Association Fee: $349
Assoc Fee Freq.: Quarterly
Tax Amount: $2,974
Tax Year: 2024
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Ownership: Fee Simple
Legal Description: LOT 77 POWER RANCH NEIGHBORHOOD 3 MCR 053211
Property ID: 313-02-763
Range: 6E
Section: 12
Lot Number: 77

Listed by Compass
Sold by Real Broker

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Schools

Schools serving 4507 E Lantern

School District:Higley Unified District

Name	Grades	Distance
Power Ranch Elementary School 4351 South Ranch House Parkway, Gilbert, AZ 85297	K-6	0.4 mi
Sossaman Middle School 18655 E Jacaranda Blvd, Queen Creek, AZ 85142	7-8	1 mi
Higley High School 4068 East Pecos Road, Gilbert, AZ 85295	9-12	1.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4507 E Lantern

Date

Details

Price

Change

Source

8/08/2025

Sold

$685,000

-3.39%

MLS

6/06/2025

Price Reduced

$709,000

-4.19%

MLS

5/22/2025

Listed

$739,990

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4507 E Lantern, Gilbert, AZ 85297 (MLS# 6869834) is a Single Family property that was sold at $685,000 on August 08, 2025. Want to learn more about 4507 E Lantern? Do you have questions about finding other Single Family real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

4507 E Lantern Gilbert, AZ 85297