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

C
Association grade
C · average
Hiiumaa vald: ranked 29 of 78 graded associations.
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

Building page: Pargi tee 2 →

Long-term liabilities
€7,743
as of 31.12.2025
Liabilities per m²
€9
similar buildings with a loan €61
Cash
€7,619
€8/m² · similar €19/m²
Income per m² a month
€0.47
similar buildings €0.70

Compared with similar buildings: Hiiumaa vald, built 1976–1986 (25 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
4 €/m²20194 €/m²20205 €/m²20210 €/m²202223 €/m²new loan202316 €/m²20249 €/m²2025

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.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour 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.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CNäkmani tee 1Kõrgessaare alevik1989 · 12 flats€0€24,0242025
CTööstuse tee 12Kõrgessaare alevik1975 · 18 flats€124,639€13,0382025
DTööstuse tee 14Kõrgessaare alevik1939 · 18 flats€7,353€8,3632025
CNäkmani tee 3Kõrgessaare alevik1987 · 12 flats€8,339€7,9042025
–Tööstuse tee 27Kõrgessaare alevik1935 · 3 flatsno reports
CNäkmani tee 5Kõrgessaare alevik1989 · 18 flats€225,703€29,5242025
DSadama tee 1Kõrgessaare alevik1959 · 12 flats€0€10,0482025
–Sadama tee 4Kõrgessaare alevik1976 · 8 flatsno 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.