Five-year reserve planning My HOA Budget

Tucson, Arizona condo association

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Sherwood Village Terrace (171-230)

Sherwood Village Terrace (171-230) is a condo association in Tucson, Arizona. This profile tracks monthly dues $244–$376/mo, built in 1963, managed by Echo Ridge Co-op 2, reserve study status not yet verified, along w...

condo Public records Reserve health: No study on record Browse Tucson communities Arizona reserve laws

Profile 56% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units —
Year built 1963
Monthly dues $244–$376/mo
Reserve health Check my risk
Management Echo Ridge Co-op 2
Active listings 3
Median sale price $85K

Amenities

Pool

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Sherwood Village Terrace (171-230) has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for Sherwood Village Terrace (171-230) based on reserve health, building age, and Arizona requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
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Values used: scaled defaults where community data is unknown — unit count (default 100 — unknown for this community); starting reserve (scaled from unit count at $15k/unit); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$313KReserves tight — thin margin
$0HEALTHY TARGET · $1.0M202620272028202920302031$313K
Annual dues increase+5% compounding · $293K/yr → $374K/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $246K/yr → $299K/yr by 2031
4%
Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About Sherwood Village Terrace (171-230)

Sherwood Village Terrace (171-230) is a condo community in Tucson, Arizona, built in 1963.

What we know

  • Year built: 1963
  • Monthly dues: $244–$376/mo
  • Amenities: pool
  • Active listings: 3 as of April 2026
  • Median sale price: $85K

Reserve health

Reserve health hasn’t been verified for Sherwood Village Terrace (171-230) yet. Before you approve a budget, pay a special assessment, or close on a unit here, Arizona law defines exactly what reserve records a community association must keep and what owners can request — see Arizona HOA reserve funding rules.

This doesn’t mean the reserves are weak; it means the documents haven’t been reviewed.

What’s still missing

  • Total unit count
  • Board roster
  • Reserve study date and reserve balance
  • Special assessment history
  • Community photos

For board members

If you serve on this board, you can claim this page to add accurate reserve data, board roster, and community photos.

Arizona laws that apply here

Reserve funding

Arizona HOA reserve disclosure rules, in plain language

How Arizona's planned-community and condominium statutes handle reserves through resale disclosure, not a statewide reserve-funding formula, and what that means for a board, owner, or buyer checking a real community.

Arizona Legislature, A.R.S. § 33-1806 and § 33-1260 — resale disclosure reserve items

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Sherwood Village Terrace (171-230) look as good online as it does in person.

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Next step

Need documents from Sherwood Village Terrace (171-230)?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents