4507 E LANTERN Place, Gilbert, AZ 85297 (MLS# 6869834)

4507 E LANTERN Place, Gilbert, AZ 85297

$685,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,353 Lot Size (sq. ft.): 10,040 Status: Closed

Current Price: $685,000 Last Modified: 4/23/2026

Overview

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...

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 check ... (Read more)

Listing Details MLS# 6869834

Location, Tax & Legal

House Number: 4507
Compass: E
Street Name: LANTERN
St Suffix: Place
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85297
Zip4: 9525
Country: US
County Code: Maricopa
Assessor Number: 313-02-763
Subdivision: POWER RANCH NEIGHBORHOOD 3
Tax Year: 2024
Assessor's Map #: 2
Legal Description (Abbrev): LOT 77 POWER RANCH NEIGHBORHOOD 3 MCR 053211
Assessor's Parcel #: 763
Tax Municipality: Gilbert
Taxes: 2974

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 5
Total Bathrooms: 3
Approx SQFT: 3353
Price/SqFt: 204.29
Horses: N
Builder Name: William Lyons
Year Built: 2003
Approx Lot SqFt: 10040
Approx Lot Acres: 0.23
Community Pool Y/N: Yes
Private Pool Y/N: Yes
Fireplace YN: No
Planned Comm Name: Power Ranch
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

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.

Status Change Info

Off Market Date: 2025-08-09
Under Contract Date: 2025-07-12
Close of Escrow Date: 2025-08-08

Legal Info

Township: 2S
Range: 6E
Section: 12
Lot Number: 77

More Information

Basement

Basement Y/N: N

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

Parking Spaces

Garage Spaces: 3
Slab Parking Spaces: 5
Total Covered Spaces: 3

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Brick Veneer: Yes

Roofing

Tile: Yes

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

Lockbox Type

Supra: Yes

Architecture

Santa Barbara/Tuscan: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
Separate Shwr & Tub: Yes
Double Vanity: Yes
Private Toilet Room: Yes

Master Bedroom

Upstairs: Yes

Additional Bedroom

Other Bedroom Downstairs: Yes
Master Bedroom Walk-in Closet: Yes
Master Bedroom Sitting Room: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes

Window Features

Dual Pane: Yes
Vinyl Frame: Yes

Private Pool Features

Heated: Yes

Community Features

Biking/Walking Path: Yes
Children's Playgrnd: Yes
Clubhouse/Rec Room: Yes
Lake: Yes

Dining Area

Eat-in Kitchen: Yes
Breakfast Bar: Yes
Breakfast Room: Yes

Heating

Natural Gas: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Kitchen Island: Yes
Laminate Counters: Yes
Built-in Microwave: Yes
Pantry: Yes
Range/Oven Elec: Yes
Refrigerator: Yes
Electric Cooktop: Yes

Cooling

Central Air: Yes

Laundry

Washer Included: Yes
Inside: Yes

Other Rooms

Family Room: Yes
Great Room: Yes
Loft: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Technology

3+ Exist Tele Lines: Yes
Cable TV Avail: Yes
High Speed Internet: Yes

Fencing

Block: Yes

Water Source

City Water: Yes

Exterior Features

Balcony: Yes
Covered Patio(s): Yes
Patio: Yes

Spa

Private: Yes
Heated: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage Door Opener: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Plumbing

Gas Hot Water Heater: Yes

Utilities

SRP: Yes
SW Gas: Yes

Existing 1st Loan

Conventional: Yes

Landscaping

Gravel/Stone Front: Yes
Desert Front: Yes
Grass Back: Yes
Irrigation Front: Yes
Irrigation Back: Yes

Disclosures

Seller Discl Avail: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Common Area Maint: Yes

Assoc Rules/Info

Pets OK (See Rmrks): Yes
No Visible Truck Trailer RV Boat: Yes
Rental OK (See Rmks): Yes

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

Listing Office: Compass

Last Updated: April - 23 - 2026