tomo logo

$555,000

Beds
3
Baths
2.0
sq ft
2,203

5188 Balmor Ter, North Port, FL 34288

5188 Balmor Ter

NORTH PORT, FL 34288

  • 89 days on market
    • Price drop $2,000↓
Spacious North Port, FL Home for Sale – Motivated Seller! This exceptional property offers a rare opportunity to own a versatile home with plenty of space, privacy, and a prime location—all with no HOA fees. Whether you're searching for a peaceful retirement retreat or a spacious family home, this property has it all. Key Features: Location: Prime North Port, FL—close to beaches, boating, golf courses, and more. Lot Size: Two expansive lots providing ample parking, room for hobbies, and additional privacy. Home Size: 2,203/2,887 sq. ft. of living space—ideal for families, guests, and a variety of activities. Home Highlights: Bedrooms: 3 bedrooms + den/office—perfect for remote work or accommodating guests. Bathrooms: 2 updated bathrooms for modern comfort. Garages: Attached two-car garage + detached medium-sized RV or tandem 1-car garage—large enough for a large pickup truck. Pool & Spa: Enjoy a refreshing pool with a spa, accessible through sliding glass doors. Outdoor Living: Fully fenced backyard—ideal for entertaining, relaxing, or enjoying the Florida sunshine. Interior: Vaulted ceilings, stylish flooring, and separate living, dining, and family rooms. Storage: Generous storage options throughout, including garages, sheds, and a laundry room. Additional Features: RV/Boat Parking: Plenty of room to park your RV, boat, or golf cart. Workshop Potential: Detached garage offers conversion potential for a workshop or DIY projects. Sheds: Four large sheds provide additional storage or workspace. No Flood Zone: Located in a high and dry area—peace of mind for homeowners. Location Perks: Attractions Nearby: Close to the Myakka River, Peace River, Charlotte Harbor, and the Gulf of Mexico. Enjoy easy access to boat ramps, parks, and scenic views. Convenience: Minutes from shopping, dining, medical services, golf, and fishing. Retirement Destination: Charlotte Harbor is a top-rated location for anyone looking for a peaceful and sunny lifestyle. This is an incredible opportunity to own a spacious, updated home in one of Southwest Florida’s most desirable areas. With room for outdoor activities and hobbies, plus easy access to everything Florida has. This home is perfect for embracing the relaxed Florida lifestyle. Call today to schedule a showing and make this dream home yours!

Details

Property type

Single Family Residence

Est. home value

$480,126

Lot size

0.46 acres

Price per sq ft

$252

Year built

2003

Annual property taxes

$2,858.46

HOA

No

Price History

03/31/2025
StellarMLS

StellarMLS #C7502502

Price change
$555,000
-0.36%
03/20/2025
StellarMLS

StellarMLS #C7502502

Price change
$557,000
-0.7%
03/15/2025
StellarMLS

StellarMLS #C7502502

Price change
$560,900
-0.88%

Schools & Community

Elementary school: 

Atwater Bay Elementary

Middle school: 

Woodland Middle School

High school: 

North Port High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$485,678
Asking price
$555,000
Closing costs (~8% of asking)
-$44,400
Est. remaining loan balance
-$24,922
Cash to seller
$485,678

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

February 2016

Original loan amount

$55,000

Est. remaining balance

$24,922

Interest rate

3.24%

Loan type

New Conventional, 15 year

Seller

Rick Fadely and Suzanne Fadely

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/03/2025 at 12:00 PM

Listing updated: 03/31/2025 at 12:46 PM

Listed by: Lori Ann Mertens, KW PEACE RIVER PARTNERS Phone #: (941) 875-9060

MLS: StellarMLS #C7502502

StellarMLS logo

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