Apartment association · Kärdla linn, Hiiumaa vald
Pae tn 12 apartment association
Hiiumaa vald, Kärdla linn, Pae tn 12 korteriühistu (registry code 80107887) manages a 3-storey panel building built in 1983 with 18 flats. According to its 2025 annual report, the association's long-term liabilities were €85,703 (€80 per m² of flat space) and it held €4,967 in cash. Long-term liabilities have fallen 15% since 2023.
Board
- AMAlar Markusboard member8 years 9 months
- MNMerike Nappboard member8 years 9 months
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1983
- Storeys
- 3
- Construction
- panel
- Flats
- 18
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Hiiumaa vald, built 1978–1988, panel (16 associations).
Finances by year
Loan principal repayment is an estimated €0.59 per m² of flat space a month, about €30 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2037.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €85,703 | €12,945 | €4,967 | €8,531 | €321 |
| 2024 | €94,479 | €11,830 | €2,408 | €7,885 | €321 |
| 2023 | €100,971 | €13,435 | €3,683 | €11,244 | €0 |
Compared with similar buildings (Hiiumaa vald, built 1978–1988, panel; 16 associations), long-term liabilities per m² of flat space are higher than 81% of them. The median for buildings with a loan is €27/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 Pae tn 12 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Pae tn 10Kärdla linn1985 · 18 flats | €375,715 | €27,678 | 2025 |
| C | Pae tn 14Kärdla linn1981 · 18 flats | €33,080 | €24,600 | 2025 |
| B | Pae tn 16Kärdla linn1980 · 18 flats | €366,888 | €7,340 | 2025 |
| E | Nuutri tn 17Kärdla linn1990 · 12 flats | €302,733 | €20,424 | 2025 |
| C | Pae tn 8Kärdla linn1986 · 18 flats | €29,426 | €28,678 | 2025 |
| B | Nuutri tn 15Kärdla linn1990 · 12 flats | €267,247 | €44,208 | 2025 |
| – | Linnumäe tn 2Kärdla linn1960 · 5 flats | no reports | ||
| B | Nuutri tn 13Kärdla linn2004 · 22 flats | €0 | €29,133 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €85,703 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 €4,967.
When was the building built?
According to the building register, it was first used in 1983 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Alar Markus, Merike Napp (board since 07.01.2018).
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, 2023–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.