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HOA Score

®

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

HOA SCORE

®

4.63

/10

Average

Monthly Dues will likely increase moderately and risk of Special Assessment is low for the near future.

Learn More >

640 Forest

640 Forest Condominium Association, Inc.

UNITS

7

MANAGED BY

BUILT

1959

HOA FINANCES

Average

Monthly Dues will likely increase moderately and risk of Special Assessment is low 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

hoa-score-gauge-0.0.png

4.63

OUT OF 10.00

Last Update

HOA SCORE

Feb 5, 2023

®

SCORE BREAKDOWN

FISCAL YEAR ENDING

2020

MONTHLY PAYMENT

VS. SIMILAR ASSOCIATIONS (%)

'-3.76

CURRENT INCREASE (%)

2.29

LAST YEAR INCREASE (%)

2.29

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
640 Forest Avenue, Unit C	ML81791534	05/06/2020
640 Forest Avenue, Unit G	ML80527229	05/19/2015
640 Forest Avenue, Unit F	ML81226018	07/12/2012
640 Forest Avenue, Unit E	ML81041110	08/19/2010
640 Forest Avenue, Unit A	ML80638669	06/23/2006
640 Forest Avenue, Unit E	ML80423685	09/16/2004
640 Forest Avenue, Unit B	120-64-002
640 Forest Avenue, Unit D	120-64-004

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