4507 E Lantern Place Gilbert, AZ 85297
Power Ranch Neighborhood
5
Beds
3
Baths
3,353
Sq Ft
10,040
Sq Ft Lot
Highlights
- Heated Spa
- 0.23 Acre Lot
- Santa Barbara Architecture
- Power Ranch Elementary School Rated A-
- Community Lake
- Covered Patio or Porch
About This Home
As of August 2025Your 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!
Last Agent to Sell the Property
Compass License #SA645568000 Listed on: 05/22/2025
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
- Electric Cooktop
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2025
Closed on
Jul 31, 2025
Sold by
Tilus Duane T and Tilus Heather G
Bought by
Hall Dean and Hall Lauren
Seller's Agent
Elizabeth Muehlhausen
Compass
Buyer's Agent
Cassie Hudson
Real Broker
List Price
$739,990
Sold Price
$685,000
Premium/Discount to List
-$54,990
-7.43%
Views
95
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.36%
Original Mortgage
$335,000
Outstanding Balance
$335,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$381,461
Purchase Details
Closed on
Mar 14, 2004
Sold by
William Lyon Southwest Inc
Bought by
Tilus Duane T and Tilus Heather G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,550
Interest Rate
5.64%
Mortgage Type
New Conventional
Similar Homes in Gilbert, AZ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $685,000 | Wfg National Title Insurance C | |
| Deed | $246,952 | Security Title Agency | |
| Special Warranty Deed | -- | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $335,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $174,000 | New Conventional | |
| Previous Owner | $187,100 | New Conventional | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $228,500 | Unknown | |
| Previous Owner | $224,200 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $197,550 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $685,000 | -3.4% | $204 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $709,000 | -4.2% | $211 / Sq Ft |
| 05/22/2025 05/22/25 | For Sale | $739,990 | -- | $221 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Elizabeth Muehlhausen
Seller's Agent in 2025
Elizabeth Muehlhausen
Compass
(480) 788-2766
1 in this area
81 Total Sales
-
Cassie Hudson
Buyer's Agent in 2025
Cassie Hudson
Real Broker
(480) 466-6367
1 in this area
54 Total Sales
Map
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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