Five-year reserve planning My HOA Budget

Annapolis, Maryland homeowners association

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Bay Ridge

Bay Ridge is a homeowners association in Annapolis, Maryland. This profile tracks monthly dues $25/mo, built in 1982, reserve study status not yet verified, along with amenities, reserve questions, and document-reques...

single-family Public records Reserve health: No study on record Browse Annapolis communities Maryland reserve laws

Profile 33% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units —
Year built 1982
Monthly dues $25/mo
Reserve health Check my risk
Active listings 1
Median sale price $2.6M

Amenities

No amenities listed yet.

Board member? Add amenities

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Bay Ridge 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 Bay Ridge based on reserve health, building age, and Maryland 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$32KReserves tight — thin margin
$0HEALTHY TARGET · $1.0M202620272028202920302031$32K
Annual dues increase+5% compounding · $30K/yr → $38K/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $25K/yr → $31K/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 Bay Ridge

Bay Ridge is a single-family community in Annapolis, Maryland, built in 1982. The upscale waterfront neighborhood sits along the Chesapeake Bay in the 21403 zip code with a notably low HOA fee.

What we know

  • Property type: Single-family
  • Year built: 1982
  • Monthly dues: $25/mo
  • Address: 22 E Lake Dr, Annapolis, MD 21403
  • Amenities: None confirmed
  • Active listings: 1 as of April 2026
  • Median sale price: $2.6M

Reserve health

Reserve health hasn’t been verified for Bay Ridge yet. Before you approve a budget, pay a special assessment, or close on a unit here, Maryland law defines exactly what reserve records a HOA must keep and what owners can request — see Maryland HOA reserve funding rules.

What’s still missing

  • Unit count
  • Management company
  • Board roster
  • Reserve data
  • Assessment history
  • Website

For board members

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

Maryland laws that apply here

Condo board meeting notice

Maryland condo board meeting notice rules, in plain language

How Maryland's Condominium Act handles board meeting transparency — open meetings required, executive session votes must be individually recorded in the next meeting's minutes, and notice for board-only meetings is delegated to bylaws.

Md. Code, Real Property Art. § 11-109, § 11-109.1 — Maryland Condominium Act, meetings and executive sessions Condo reserve funding

Maryland condominium reserve funding rules, in plain language

How Maryland's Condominium Act actually handles reserves — through a mandatory reserve study, funding at the study-recommended level with a five-year ramp-up, county-by-county phase-in dates, and a narrow board-level hardship exception — and what that means for a board, owner, or buyer.

Md. Code, Real Property § 11-109.2 (annual budget and reserve funding) and § 11-109.4 (reserve study definitions, cycle, preparer qualifications, funding plan) — Maryland Condominium Act HOA board meeting notice

Maryland HOA board meeting notice rules, in plain language

How Maryland's Homeowners Association Act handles board meeting transparency — a mandatory open meeting requirement, eight enumerated executive session categories, and a notice standard deliberately set as 'reasonable' with no day count.

Md. Code, Real Property Art. § 11B-111 — Maryland Homeowners Association Act, meetings Reserve funding

Maryland HOA reserve funding rules, in plain language

How Maryland's Homeowners Association Act actually handles reserves — through a mandatory reserve study for HOAs that meet a specific scope test, funding at the study-recommended level with a five-year ramp-up, county phase-in dates, and a narrow hardship exception — and what that means for a board, owner, or buyer.

Md. Code, Real Property § 11B-112.2 (annual budget and reserve funding) and § 11B-112.3 (reserve study definitions, cycle, preparer qualifications, funding plan) — Maryland Homeowners Association Act

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Bay Ridge look as good online as it does in person.

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Next step

Need documents from Bay Ridge?

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