Apartment association · Savala küla, Lüganuse vald

Kaare tn 2 apartment association

Lüganuse vald, Savala küla, Kaare tn 2 korteriühistu (registry code 80395248) manages a 3-storey panel building built in 1989 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €357,309 (€273 per m² of flat space) and it held €44,305 in cash. In 2025 long-term liabilities rose from €0 to €357,309 — usually a sign of a renovation.

Board

  • HTHenry Tammannboard member7 years 1 month
  • IBIvo Baškirtsevboard member3 years 9 months
B
Association grade
B · good
Lüganuse vald: ranked 6 of 95 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash next to the loan, 3-year average
Managementgood
reports filed on time

Building

Built
1989
Storeys
3
Construction
panel
Flats
24
Lift
no
Heating
ground source
Energy class
  • A
  • B
  • CC2024
  • D
  • EEvalid until 03.07.2034
  • F
  • G
  • H

Building page: Kaare tn 2 →

Long-term liabilities
€357,309
as of 31.12.2025
Liabilities per m²
€273
similar buildings with a loan €22
Cash
€44,305
€34/m² · similar €14/m²
Income per m² a month
€84.94
similar buildings €0.79

Compared with similar buildings: Lüganuse vald, built 1984–1994 (15 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²2024273 €/m²new loan2025
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€357,309€14,622€44,305€1,336,492€0
2024€0€1,788€48,447€40,912€0
2023€0€1,869€50,365€40,987€0
2022€0€1,588€42,093€34,431€0
2021€0€5,743€44,751€32,296€9,212
2020€0€3,034€38,113€32,614€13,052
2019€0€2,969€29,728€24,922€10,465

Compared with similar buildings (Lüganuse vald, built 1984–1994; 15 associations), long-term liabilities per m² of flat space are higher than 93% of them. The median for buildings with a loan is €22/m².

Flats in this building

No flat in this building has been for sale or rent in the last 12 months.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CKaare tn 3Savala küla1985 · 12 flats€6,160€11,3272025
CKaare tn 1Savala küla1985 · 8 flats€0€14,6982025
CKaare tn 5Savala küla1985 · 12 flats€6,160€15,0172025
CKaare tn 7Savala küla1985 · 12 flats€0€29,2442025
CKaare tn 9Savala küla1982 · 12 flats€0€23,1582025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €357,309 of long-term liabilities. The report's key figures do not separate a bank loan from a renovation grant — the association's own statement gives the exact loan balance.

How much cash does the association have?

At the end of 2025 the association held €44,305.

When was the building built?

According to the building register, it was first used in 1989 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Henry Tammann, Ivo Baškirtsev (board since 29.08.2019).

How is the association grade calculated?

The A–E grade is built from public data and compares the association with all apartment associations in Estonia. House condition (40%) takes the building's age into account – a new house needs no renovation – along with the energy certificate and the works on the building that its flats' sale ads describe (sellers' and brokers' unverified claims) – the more works (facade, roof, pipes, heating and so on), the better; in an older building, a loan taken for renovation also counts as investment. Loan affordability (30%) shows how many years of income the long-term liabilities equal – up to three years is entirely normal. Cash buffer (10%) is cash per m² of flat space averaged over the last three year-ends: without a loan a bigger buffer is better; with a loan a moderate one is enough. Management (20%) shows whether the last three years' reports were filed, and on time, with extra points for a professional manager. A loan is not bad in itself: in an older building it usually means the house has been renovated. The grade is updated weekly.

Where does the data come from?

Finances: business register open data (annual-report key figures, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.