Apartment association · Kõrgessaare alevik, Hiiumaa vald
Pargi tee 2 apartment association
Hiiumaa vald, Kõrgessaare alevik, Pargi tee 2 korteriühistu (registry code 80425972) manages a 3-storey panel building built in 1981 with 16 flats. According to its 2025 annual report, the association's long-term liabilities were €7,743 (€9 per m² of flat space) and it held €7,619 in cash. In 2023 long-term liabilities rose from €0 to €20,719 — usually a sign of a renovation.
Board
- AVAnnika Vannasboard member8 years 9 monthsalso: Näkmani tee 1, Tööstuse tee 14, Sadama tee 4
- LALille Aulboard memberunder a month
- MJMaive Jõgiboard 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
- 1981
- Storeys
- 3
- Construction
- panel
- Flats
- 16
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Hiiumaa vald, built 1976–1986 (25 associations).
Finances by year
Loan principal repayment is an estimated €0.58 per m² of flat space a month, about €29 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 2027.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €7,743 | €9,042 | €7,619 | €5,095 | €0 |
| 2024 | €14,459 | €9,610 | €5,882 | €3,622 | €0 |
| 2023 | €20,719 | €7,854 | €2,882 | €4,300 | €0 |
| 2022 | €0 | €222 | €3,286 | €3,392 | €0 |
| 2021 | €4,371 | €244 | €5,192 | €3,323 | €0 |
| 2020 | €3,551 | €256 | €4,595 | €3,171 | €0 |
| 2019 | €3,213 | €230 | €5,639 | €2,562 | €0 |
Compared with similar buildings (Hiiumaa vald, built 1976–1986; 25 associations), long-term liabilities per m² of flat space are higher than 36% of them. The median for buildings with a loan is €61/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 Pargi tee 2 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Näkmani tee 1Kõrgessaare alevik1989 · 12 flats | €0 | €24,024 | 2025 |
| C | Tööstuse tee 12Kõrgessaare alevik1975 · 18 flats | €124,639 | €13,038 | 2025 |
| D | Tööstuse tee 14Kõrgessaare alevik1939 · 18 flats | €7,353 | €8,363 | 2025 |
| C | Näkmani tee 3Kõrgessaare alevik1987 · 12 flats | €8,339 | €7,904 | 2025 |
| – | Tööstuse tee 27Kõrgessaare alevik1935 · 3 flats | no reports | ||
| C | Näkmani tee 5Kõrgessaare alevik1989 · 18 flats | €225,703 | €29,524 | 2025 |
| D | Sadama tee 1Kõrgessaare alevik1959 · 12 flats | €0 | €10,048 | 2025 |
| – | Sadama tee 4Kõrgessaare alevik1976 · 8 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €7,743 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 €7,619.
When was the building built?
According to the building register, it was first used in 1981 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Annika Vannas, Lille Aul, Maive Jõgi (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.