Apartment association · Paikuse alev, Pärnu linn
Kooli tee 11 apartment association
Pärnu linn, Paikuse alev, Kooli tee 11 korteriühistu (registry code 80116627) manages a 3-storey brick building built in 1994 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €245,340 (€189 per m² of flat space) and it held €14,220 in cash. In 2023 long-term liabilities rose from €0 to €258,882 — usually a sign of a renovation.
Board
- ARAndres Riivitsboard member8 years 9 months
- TRTõnu Rätsepboard member8 years 9 months
- UHUrmas Hanniboard member8 years 9 months
- House conditionaverage
- age, energy class and works done
- Loan affordabilityweak
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1994
- Storeys
- 3
- Construction
- brick
- Flats
- 24
- Lift
- no
- Heating
- district heating
- A
- B
- C
- DD
- E
- F
- G
- H
Compared with similar buildings: Pärnu linn, built 1989–1999, brick (53 associations).
Finances by year
Loan principal repayment is an estimated €0.43 per m² of flat space a month, about €22 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.48 in Pärnu linn. At the current pace the loan will be repaid around 2062.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €245,340 | €37,070 | €14,220 | €7,330 | €0 |
| 2024 | €255,761 | €32,630 | €8,061 | €33,386 | €0 |
| 2023 | €258,882 | €14,368 | €2,132 | €13,098 | €690 |
| 2022 | €0 | €15,646 | €8,942 | €11,212 | €690 |
| 2021 | €0 | €13,911 | €12,193 | €7,897 | €690 |
| 2020 | €674 | €15,135 | €9,635 | €8,229 | €690 |
| 2019 | €5,761 | €12,573 | €7,269 | €13,068 | €0 |
Compared with similar buildings (Pärnu linn, built 1989–1999, brick; 53 associations), long-term liabilities per m² of flat space are higher than 91% of them. The median for buildings with a loan is €102/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 Kooli tee 11 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Kooli tee 6Paikuse alev1968 · 23 flats | €0 | €7,561 | 2025 |
| C | Kooli tee 7Paikuse alev1985 · 18 flats | €0 | €36,593 | 2025 |
| B | Kooli tee 5Paikuse alev1974 · 24 flats | €0 | €361 | 2025 |
| – | Teeveere tn 25Paikuse alev1985 · 4 flats | no reports | ||
| A | Kastani vkt 9Paikuse alev1979 · 54 flats | €0 | €85,513 | 2025 |
| – | Teeveere tn 21Paikuse alev1948 · 2 flats | no reports | ||
| B | Kastani vkt 13Paikuse alev1986 · 24 flats | €4,512 | €27,843 | 2025 |
| C | Kastani vkt 3Paikuse alev1973 · 18 flats | €0 | €8,487 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €245,340 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 €14,220.
When was the building built?
According to the building register, it was first used in 1994 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Andres Riivits, Tõnu Rätsep, Urmas Hanni (board since 06.01.2018).
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.