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HOA Score

®

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

HOA SCORE

®

5.73

/10

Average

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

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Sherwood Park

Sherman Way Condominium Association

UNITS

22

MANAGED BY

BUILT

1961

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

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.

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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5.73

OUT OF 10.00

Last Update

HOA SCORE

Mar 31, 2023

®

SCORE BREAKDOWN

FISCAL YEAR ENDING

2022

MONTHLY PAYMENT

VS. SIMILAR ASSOCIATIONS (%)

'-14.88

CURRENT INCREASE (%)

6.11

LAST YEAR INCREASE (%)

6.11

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
15542 Sherman Way, Unit 2	SR22251713	12/06/2022
15542 Sherman Way, Unit 9	SR17204322	09/04/2017
15542 Sherman Way, Unit 1	BB16071263	04/06/2016
15542 Sherman Way, Unit 4	SR15235882	10/29/2015
15540 Sherman Way, Unit 18	F1811479	07/16/2009
15542 Sherman Way, Unit 6	F1770855	06/12/2008
15542 Sherman Way, Unit 10	2222-035-052
15542 Sherman Way, Unit 5	2222-035-047
15542 Sherman Way, Unit 7	2222-035-049
15542 Sherman Way, Unit 3	2222-035-045
15540 Sherman Way, Unit 21	2222-035-063

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