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HOA Score

®

CURRENTLY TRACKING 28,952 HOAS COLLECTING $6,132,837,620 PER YEAR

HOA SCORE

®

6.4

/10

Good

Monthly Dues may increase slightly and risk of Special Assessment is low.

Learn More >

401 Ocean Avenue

401 Ocean, Inc.

UNITS

5

MANAGED BY

BUILT

2021

HOA FINANCES

Good

Monthly Dues may increase slightly and risk of Special Assessment is low.

Learn More >

IMPACT ON OWNERS

Low

The ratio of Monthly Dues to estimated Mortgage Payment is low. Any increase in Monthly Dues or Special Assessments should have low financial impact.

Score Breakdown

What is HOA Score ?

®

It's like a credit score for an HOA... a lower HOA Score® means higher risk of dues increases and special assessments in future.

Derived from HOA financials and MLS Data.

hoa-score-gauge-0.0.png

6.4

OUT OF 10.00

Last Update

HOA SCORE

Dec 27, 2022

®

SCORE BREAKDOWN

FISCAL YEAR ENDING

2022

MONTHLY PAYMENT

VS. SIMILAR ASSOCIATIONS (%)

'-1.66

CURRENT INCREASE (%)

1.29

LAST YEAR INCREASE (%)

1.29

BUDGETING

CURRENT INCREASE

LAST YEAR INCREASE

AVG. YEARLY INCREASE

SPENDING

LAST YEAR VS. BUDGET

PREVIOUS YEAR VS. BUDGET

RESERVE FUNDING

PERCENT FUNDED

FOLLOWING FUNDING PLAN

CONTRIBUTION INCREASE

DATA SOURCES

ADDRESS	MLS	DATE
401 Ocean Avenue, Unit 3	22-205134	10/06/2022
401 Ocean Avenue, Unit 4	22-205131	10/06/2022
401 Ocean Avenue, Unit 4	22-132843	03/04/2022
401 Ocean Avenue, Unit 3	22-131959	03/03/2022
401 Ocean Avenue, Unit 2	21-786760	09/22/2021
401 Ocean Avenue, Unit 1	21-745300	06/21/2021
401 Ocean Avenue, Unit 5	21-743438	06/02/2021

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