Apartment association · Virtsu alevik, Lääneranna vald
Kaare tn 2 apartment association
Lääneranna vald, Virtsu alevik, Kaare tn 2 korteriühistu (registry code 80225753) manages a 2-storey panel building built in 1976 with 34 flats. According to its 2025 annual report, the association's long-term liabilities were €9,780 (€9 per m² of flat space) and it held €27,558 in cash.
Board
- MMMargus Mändboard member4 years
- MBMeida Bulakboard member3 years 2 months
- SASandra Aavikboard member2 months
- House conditionaverage
- age, energy class and works done
- Loan affordabilitygood
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1976
- Storeys
- 2
- Construction
- panel
- Flats
- 34
- Lift
- no
- Heating
- stove
Works on the building
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Majal on kõik püstakud uued, vahetatud ka veetorustik“ · ad of 1 flat
- „Majale paigaldati umbes 5 aastat tagasi uus katlasüsteem.“ · ad of 1 flat
- „uus koridorivalgustus.“ · ad of 1 flat
- A
- B
- C
- D
- E
- FF
- G
- H
Compared with similar buildings: Lääneranna vald, built 1971–1981 (23 associations).
Finances by year
Loan principal repayment is an estimated €0.17 per m² of flat space a month, about €9 a month for a 50 m² flat (interest not included) — less than 89% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2030.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €9,780 | €35,125 | €27,558 | €15,520 | €7,650 |
| 2024 | €11,955 | €26,604 | €21,638 | €16,925 | €7,758 |
| 2023 | €0 | €36,557 | €18,102 | €14,010 | €6,586 |
| 2022 | €0 | €37,590 | €5,777 | €4,429 | €5,693 |
| 2021 | €0 | €70,088 | €2,009 | -€18,057 | €7,030 |
| 2020 | €0 | €60,407 | €11,875 | -€6,340 | €6,303 |
| 2019 | €0 | €52,289 | €7,495 | €6,158 | €724 |
Compared with similar buildings (Lääneranna vald, built 1971–1981; 23 associations), long-term liabilities per m² of flat space are higher than 96% of them. The median for buildings with a loan is €9/m².
Flats in this building
Over the last 12 months 3 flats have been for sale in this building, asking €197–€484 per m².
Estate agents who have offered flats in this building
- Georg Elias HumalVarakeskus OÜ1 flat
- Kaire PärnsaluVarakeskus OÜ1 flat
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 1Virtsu alevik1985 · 12 flats | €0 | €10,128 | 2025 |
| C | Kaare tn 3Virtsu alevik1983 · 12 flats | €0 | €6,917 | 2025 |
| D | Tööstuse tn 4Virtsu alevik1968 · 12 flats | €0 | €4,261 | 2025 |
| A | Kaare tn 5Virtsu alevik, Kaare tn 12b1980 · 12 flats | €6,641 | €4,178 | 2025 |
| E | Tööstuse tn 5Virtsu alevik1968 · 8 flats | €0 | — | 2025 |
| – | Kaare tn 12Virtsu alevik | €0 | €3,021 | 2025 |
| – | Tööstuse tn 7aVirtsu alevik | no reports | ||
| D | Vee tn 5Virtsu alevik1960 · 13 flats | €0 | — | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €9,780 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 €27,558.
When was the building built?
According to the building register, it was first used in 1976 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Margus Mänd, Meida Bulak, Sandra Aavik (board since 05.10.2022).
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.