4507 E Lantern Place Gilbert, AZ 85297
Power Ranch NeighborhoodEstimated payment $4,506/month
Total Views
587
5
Beds
3
Baths
3,353
Sq Ft
$221
Price per Sq Ft
Highlights
- Very Popular Property
- Heated Spa
- Community Lake
- Power Ranch Elementary School Rated A-
- 0.23 Acre Lot
- Santa Barbara Architecture
About This Home
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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,974
Year Built
- Built in 2003
Lot Details
- 10,040 Sq Ft Lot
- Desert faces the front of the property
- Block Wall Fence
- Front and Back Yard Sprinklers
- Grass Covered Lot
HOA Fees
- $116 Monthly HOA Fees
Parking
- 3 Car Garage
- 5 Open Parking Spaces
- Garage Door Opener
Home Design
- Santa Barbara Architecture
- Brick Exterior Construction
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 3,353 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Vinyl Clad Windows
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Microwave
- Kitchen Island
- Laminate Countertops
Flooring
- Floors Updated in 2025
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bathroom is a Full Bathroom
- 3 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Pool
- Heated Spa
- Heated Pool
Outdoor Features
- Balcony
- Covered patio or porch
Schools
- Power Ranch Elementary School
- Sossaman Middle School
- Higley High School
Utilities
- Cooling System Updated in 2025
- Central Air
- Heating System Uses Natural Gas
- Plumbing System Updated in 2022
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 77
- Assessor Parcel Number 313-02-763
Community Details
Overview
- Association fees include ground maintenance
- Ccmc Association, Phone Number (480) 921-7500
- Built by William Lyons
- Power Ranch Neighborhood 3 Subdivision
- Community Lake
Amenities
- Recreation Room
Recreation
- Community Playground
- Community Pool
- Bike Trail
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,974 | $37,571 | -- | -- |
| 2024 | $2,983 | $35,782 | -- | -- |
| 2023 | $2,983 | $53,610 | $10,720 | $42,890 |
| 2022 | $2,850 | $39,150 | $7,830 | $31,320 |
| 2021 | $2,937 | $36,450 | $7,290 | $29,160 |
| 2020 | $2,994 | $34,760 | $6,950 | $27,810 |
| 2019 | $2,899 | $32,110 | $6,420 | $25,690 |
| 2018 | $2,796 | $30,580 | $6,110 | $24,470 |
| 2017 | $2,695 | $30,410 | $6,080 | $24,330 |
| 2016 | $2,743 | $29,420 | $5,880 | $23,540 |
| 2015 | $2,393 | $29,470 | $5,890 | $23,580 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2025 05/22/25 | For Sale | $739,990 | -- | $221 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $246,952 | Security Title Agency | |
| Special Warranty Deed | -- | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $174,000 | New Conventional | |
| Closed | $187,100 | New Conventional | |
| Closed | $50,000 | Credit Line Revolving | |
| Closed | $228,500 | Unknown | |
| Closed | $224,200 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $197,550 | New Conventional |
Source: Public Records
Similar Homes in Gilbert, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6869834
APN: 313-02-763
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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