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HOA Score

®

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

HOA SCORE

®

4.4

/10

Average

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

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Cherry Avenue

Cherry Avenue Homeowners Association

UNITS

32

MANAGED BY

BUILT

1979

HOA FINANCES

Average

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

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IMPACT ON OWNERS

High

The ratio of Monthly Dues to estimated Mortgage payment is high. Any increase in Monthly Dues or Special Assessments may have significant 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

4.4

OUT OF 10.00

Last Update

HOA SCORE

May 12, 2024

®

SCORE BREAKDOWN

FISCAL YEAR ENDING

2022

MONTHLY PAYMENT

VS. SIMILAR ASSOCIATIONS (%)

6.83

CURRENT INCREASE (%)

0

LAST YEAR INCREASE (%)

0

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
4970 Cherry Avenue, Unit 203	ML81927973	05/11/2023
4970 Cherry Avenue, Unit 114	ML81682467
4970 Cherry Avenue, Unit 105	ML81809341
4970 Cherry Avenue, Unit 208	ML81735287
4970 Cherry Avenue, Unit 115	ML81636216
4970 Cherry Avenue, Unit 213	40897229
4970 Cherry Avenue, Unit 206	ML81702492
4970 Cherry Avenue, Unit 103	ML81806113

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