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
- 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
- A
- B
- CC2024
- D
- EEvalid until 03.07.2034
- F
- G
- H
Compared with similar buildings: Lüganuse vald, built 1984–1994 (15 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour 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.
What is your flat worth?
An estimate for a flat at Kaare tn 2 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Kaare tn 3Savala küla1985 · 12 flats | €6,160 | €11,327 | 2025 |
| C | Kaare tn 1Savala küla1985 · 8 flats | €0 | €14,698 | 2025 |
| C | Kaare tn 5Savala küla1985 · 12 flats | €6,160 | €15,017 | 2025 |
| C | Kaare tn 7Savala küla1985 · 12 flats | €0 | €29,244 | 2025 |
| C | Kaare tn 9Savala küla1982 · 12 flats | €0 | €23,158 | 2025 |
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.