4278 E LANTERN Place, Gilbert, AZ 85297, Gilbert, 85297 - 3 bed, 3 bath
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Gilbert, AZ 85297
This property presents a High-Potential Investment Opportunity with a List Price of $530,000—positioned above the $506,513 Fair Market Value. While the home requires cosmetic updates, its Fair Condition Rating and 2,073 sqft split floor plan offer significant upside for forced appreciation. Located in the award-winning Power Ranch community, the home features a private putting green and tranquil pond views, supported by Top-Rated Schools like Sossaman Middle and Higley High. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to personalize a premium lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4278 E LANTERN Place Subject | $530,000* List Price | 3 | 3 | 2,073 | $244 | - |
A 3860 E THORNTON Avenue Sold | $450,000 | 3 | 2 | 2,309 | $195 | 0.6 mi |
B 4294 S WOODSHED Court Sold | $479,900 | 3 | 3 | 1,988 | $241 | 0.6 mi |
C 4081 E CARRIAGE Way Sold | $640,000 | 5 | 3 | 2,667 | $240 | 0.3 mi |
D 3708 E SUNDANCE Avenue Sold | $515,460 | 4 | 3 | 2,006 | $257 | 0.8 mi |
E 4210 S SPLENDOR Place Active | $525,000 List Price | 4 | 2 | 2,052 | $256 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, this 23-year-old home falls into the 'Fair' category as it is over 20 years old with mostly original finishes. While well-maintained, the kitchen features dated oak cabinetry and white appliances, and the listing description explicitly highlights the opportunity for buyers to personalize and update the space.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
Situated in the award-winning Power Ranch community, this home offers access to top-tier amenities and highly-rated schools, including Sossaman Middle and Higley High, ensuring long-term desirability.
The property features a superior lot backing to a serene common area with view fencing, complemented by unique outdoor upgrades including a private putting green and a tranquil pond.
The listing explicitly positions the home as an opportunity to 'personalize and update,' suggesting that the 2003 interior finishes may require significant capital investment to meet modern aesthetic standards.
With a $402 association fee and specialized backyard features like a pond and putting green, buyers should anticipate higher-than-average recurring costs for community dues and specialized landscaping upkeep.
Located in the highly sought-after, award-winning community of Power Ranch in South Gilbert, this 3 bedroom + den, 2.5-bath home offers an exceptional opportunity to create your dream space in one of the East Valley's most desirable neighborhoods. The home features a functional split floor plan that provides both privacy and versatility for modern living. The home backs to a serene common area with view fencing, giving the backyard an open, peaceful feel. Enjoy a relaxing outdoor setting complete with a tranquil pond and a private putting green, perfect for quiet mornings or entertaining guests. This property presents a fantastic opportunity for buyers looking to personalize and update a home to their own taste. With a great layout, and an unbeatable location, the potential here is undeniable. Power Ranch residents enjoy access to top-rated amenities including pools, parks, trails, and community events, all within close proximity to shopping, dining, and top-rated Gilbert schools.
No exterior & parking available.
Grades PK-8 • 0.3 mi
Grades PK-8 • 0.3 mi
Grades PK-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 28% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,073 | 2,322.5 | 39% |
| Lot Size | 8,043 | 7,635.5 | 57% |
| Price | $530.0K | $0 | 72% |
| Price per sq ft | $256 | $0 | 68% |
| Built year | 2003 | 2004 | 50% |
| HOA | $402 | $180 | 96% |
| Days on market | 32 | 2613 | 1% |
May 7, 2026
$530,000
Initial Listing