38623 Cherry Ln #171
Higher is a better buy. 50 is "priced about right for what it is". The last step curves the raw advantage onto 0–100, so points stop being one-for-one at the extremes.
💵What this unit actually costs per month
30% of that payment is not the mortgage. The HOA fee alone is $34,920 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $3,713.
FHA approval has expired on this project. An FHA buyer cannot use it today, and the fact that it once qualified and then stopped is worth asking the board about. Plan on a conventional loan — 5% down at the very least.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-08-20 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
🚩 Rising fast · +7%/yrReconstructed from 15 units of recorded sales at 38623 Cherry Ln — every recorded sale carries its HOA fee and date. No listing site shows this.
These dues climbed 40% in 5 years — about +7%/yr across 15 units of recorded sales, well above inflation. A rise this steep is a leading signal of a special assessment, a drained reserve fund, or an insurance shock. The listing never shows it; the building's documents are where the "why" lives.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- In-unit W/D
- Low HOA (1.2%/yr)
⚠️ Cons
- HOA $582/mo
- Ground floor
🚩 Red flags
Photos
Price history (this unit)
- Mar 30, 1987 — Sold (Public Records) $94,000
Description
Welcome to this beautifully updated *3-bedroom, 1.5-bath* condo offering the perfect blend of comfort, style, and convenience. With street-level entry and a thoughtfully designed floor plan, this inviting home features spacious living areas, a private balcony, and an in-unit laundry closet for added everyday convenience. Recent improvements include brand-new luxury vinyl plank (LVP) flooring, fresh interior paint completed approximately three years ago, brand-new window coverings, and the added comfort of a newer in-wall air conditioning unit. The kitchen offers ample cabinet and counter space, and all appliances are included, making this home truly move-in ready. Enjoy resort-style commun