Apartment association · Kuressaare linn, Saaremaa vald
M. Körberi tn 12 apartment association
Saaremaa vald, Kuressaare linn, M. Körberi tn 12 korteriühistu (registry code 80402706) manages a 3-storey block building built in 1989 with 18 flats. According to its 2025 annual report, the association's long-term liabilities were €39,979 (€35 per m² of flat space) and it held €6,008 in cash. In 2023 long-term liabilities rose from €7,398 to €41,800 — usually a sign of a renovation.
Board
- MKMaris Kaljusteboard member4 years 4 months
- RTRivo Tiirikboard member8 years 9 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
- Managementgood
- reports filed on time
Building
- Built
- 1989
- Storeys
- 3
- Construction
- block
- Flats
- 18
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
Building page: M. Körberi tn 12 →
Compared with similar buildings: Saaremaa vald, built 1984–1994, block (37 associations).
Finances by year
Loan principal repayment is an estimated €0.77 per m² of flat space a month, about €39 a month for a 50 m² flat (interest not included) — more than 75% of associations repaying a loan. The median is €0.52 in Estonia and €0.48 in Saaremaa vald. At the current pace the loan will be repaid around 2029.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €39,979 | €22,439 | €6,008 | €41,788 | €0 |
| 2024 | €25,800 | €33,418 | €14,172 | €5,767 | €0 |
| 2023 | €41,800 | €25,867 | €9,610 | €43,460 | €0 |
| 2022 | €7,398 | €30,043 | €20,535 | €18,996 | €0 |
| 2021 | €12,274 | €26,724 | €17,666 | €17,468 | €0 |
| 2020 | €17,165 | €27,063 | €18,478 | €11,351 | €0 |
| 2019 | €21,948 | €21,650 | €12,269 | €8,674 | €0 |
Compared with similar buildings (Saaremaa vald, built 1984–1994, block; 37 associations), long-term liabilities per m² of flat space are higher than 73% of them. The median for buildings with a loan is €42/m².
Flats in this building
1 flat was offered for rent at €350 a month.
Estate agents who have offered flats in this building
- Kaido KruutKinlux Vara OÜ1 flat
What is your flat worth?
An estimate for a flat at M. Körberi tn 12 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| A | Aia tn 66a // Kihelkonna mnt 1Kuressaare linn1993 · 31 flats | €37,939 | €23,087 | 2025 |
| A | M. Körberi tn 10Kuressaare linn2024 · 8 flats | €1,287 | — | 2025 |
| B | Aia tn 64Kuressaare linn1984 · 24 flats | €55,144 | €4,976 | 2025 |
| – | Pikk tn 55 // 55bKuressaare linn1959 · 3 flats | no reports | ||
| A | Kihelkonna mnt 2Kuressaare linn1988 · 48 flats | €215,413 | €12,985 | 2025 |
| – | M. Körberi tn 6Kuressaare linn2020 · 5 flats | no reports | ||
| – | Pikk tn 49Kuressaare linn1959 · 5 flats | no reports | ||
| E | Pikk tn 52Kuressaare linn1978 · 18 flats | €154,952 | €6,515 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €39,979 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 €6,008.
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 Maris Kaljuste, Rivo Tiirik (board since 08.01.2018).
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.