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HOA Score

®

CURRENTLY TRACKING 28,963 HOAS COLLECTING $6,138,614,984 PER YEAR

HOA SCORE

®

3.48

/10

Poor

Monthly Dues will likely increase a significant amount and risk of Special Assessment is high for the near future.

Learn More >

550-562 Forest Avenue

Forest Homes Association

UNITS

8

MANAGED BY

BUILT

1978

HOA FINANCES

Poor

Monthly Dues will likely increase a significant amount and risk of Special Assessment is high for the near future.

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.

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.

what-is-hoa-score

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3.48

OUT OF 10.00

Last Update

HOA SCORE

Feb 5, 2023

®

SCORE BREAKDOWN

FISCAL YEAR ENDING

2021

MONTHLY PAYMENT

VS. SIMILAR ASSOCIATIONS (%)

24.63

CURRENT INCREASE (%)

4.17

LAST YEAR INCREASE (%)

4.17

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
558 Forest Avenue, Unit 5	ML81838403	04/09/2021
562 Forest Avenue, Unit 7	ML81145609	10/28/2011
554 Forest Avenue, Unit 3	ML81140563	09/21/2011
560 Forest Avenue, Unit 6	ML80525463	05/12/2005
552 Forest Avenue, Unit 2	120-55-002
556 Forest Avenue, Unit 4	120-55-004
550 Forest Avenue, Unit 1	120-55-001

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