Apartment association · Papsaare küla, Pärnu linn
Papsaare tee 4 apartment association
Pärnu linn, Papsaare küla, Papsaare tee 4 korteriühistu (registry code 80090968) manages a 3-storey block building built in 1980 with 18 flats. According to its 2025 annual report, the association's long-term liabilities were €29,924 (€27 per m² of flat space) and it held €28,592 in cash.
Board
- HLHeiki Loometsboard member8 years 9 months
- TPTeet Panovboard member8 years 9 months
- VVVallo Visnapuuboard member8 years 9 monthsalso: Rääma tn 13a
- 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
- 1980
- Storeys
- 3
- Construction
- block
- Flats
- 18
- Lift
- no
- Heating
- district heating
Building page: Papsaare tee 4 →
Compared with similar buildings: Pärnu linn, built 1975–1985, block (37 associations).
Finances by year
Loan principal repayment is an estimated €0.40 per m² of flat space a month, about €20 a month for a 50 m² flat (interest not included) — less than 64% of 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 2031.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €29,924 | €8,531 | €28,592 | €16,103 | — |
| 2024 | €35,364 | €8,051 | €17,523 | €18,780 | — |
| 2023 | €40,330 | €8,016 | €4,138 | €60,473 | — |
| 2022 | €20,351 | €10,739 | €3,934 | €11,286 | — |
| 2021 | €27,631 | €17,219 | €10,676 | €8,471 | — |
| 2020 | €39,632 | €15,515 | €6,775 | €46,563 | — |
| 2019 | €23,242 | €12,253 | €13,905 | €4,656 | — |
Compared with similar buildings (Pärnu linn, built 1975–1985, 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 €32/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,433–€1,433 per m².
Estate agents who have offered flats in this building
- Mai KõvatomasPindi Kinnisvara OÜ1 flat
What is your flat worth?
An estimate for a flat at Papsaare tee 4 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Papsaare tee 5Papsaare küla1970 · 12 flats | €125,528 | €12,497 | 2025 |
| C | Papsaare tee 3Papsaare küla1985 · 12 flats | €0 | €16,381 | 2025 |
| – | Haapsalu mnt 37a1878 · 3 flats | no reports | ||
| – | Haapsalu mnt 29 // Peetri tn 5d1865 · 1 flats | no reports | ||
| – | Salme tee 8Papsaare küla | €0 | €1,311 | 2025 |
| – | Aeru tn 51999 · 2 flats | no reports | ||
| A | Haapsalu mnt 74a // Peetri tn 61957 · 7 flats | €47,628 | €6,594 | 2025 |
| – | Kesk tn 231999 · 2 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €29,924 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 €28,592.
When was the building built?
According to the building register, it was first used in 1980 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Heiki Loomets, Teet Panov, Vallo Visnapuu (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.