Apartment association · Viimsi alevik, Viimsi vald

Pargi tee 2 apartment association

Viimsi vald, Viimsi alevik, Pargi tee 2 korteriühistu (registry code 80110719) manages a 4-storey brick building built in 1982 with 21 flats. According to its 2025 annual report, the association's long-term liabilities were €56,687 (€43 per m² of flat space) and it held €8,221 in cash. Long-term liabilities have fallen 58% since 2019.

Board

  • JKJüri Kaskboard member8 years 9 months
  • KGKristi Grafboard member8 years 9 months
  • RKRiina Koidumaaboard member3 years 4 months
C
Association grade
C · average
Viimsi vald: ranked 101 of 135 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
1982
Storeys
4
Construction
brick
Flats
21
Heating
district heating

Building page: Pargi tee 2 →

Long-term liabilities
€56,687
as of 31.12.2025
Liabilities per m²
€43
similar buildings with a renovation loan €59
Cash
€8,221
€6/m² · similar €7/m²
Income per m² a month
€1.20
similar buildings €0.74

Compared with similar buildings: Viimsi vald (135 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
101 €/m²201992 €/m²202083 €/m²202173 €/m²202264 €/m²202353 €/m²202443 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.83 per m² of flat space a month, about €42 a month for a 50 m² flat (interest not included) — more than 79% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2030.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€56,687€22,161€8,221€19,012€0
2024€70,739€23,676€9,334€13,024€878
2023€84,296€25,436€11,170€10,928€1,505
2022€97,297€23,365€8,359€8,364€1,505
2021€109,892€17,300€2,232€20,296€1,505
2020€122,292€14,555€2,028€28,772€1,734
2019€133,392€20,220€8,940€17,393€1,722

Compared with similar buildings (Viimsi vald; 135 associations), long-term liabilities per m² of flat space are higher than 93% of them. The median for buildings with a loan is €21/m².

Flats in this building

1 flat was offered for rent at €775 a month.

Estate agents who have offered flats in this building

What is your flat worth?

An estimate for a flat at Pargi tee 2 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CPargi põik 4Viimsi alevik1980 · 18 flats€47,864€12,5402025
CPargi tee 4Viimsi alevik1978 · 15 flats€0€27,6122025
CPargi põik 6Viimsi alevik1979 · 18 flats€51,361€24,3702025
CPargi tee 6Viimsi alevik2009 · 8 flats€0€51,8672025
CVehema tee 2Viimsi alevik, Nartsissi tee 11995 · 16 flats€0€3,7512025
BAiandi tee 12Viimsi alevik2005 · 18 flats€0€5,9782025
–Aiandi tee 10Viimsi alevik1965 · 4 flatsno reports
CPargi põik 10Viimsi alevik1994 · 17 flats€0€29,0112025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €56,687 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 €8,221.

When was the building built?

According to the building register, it was first used in 1982 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Jüri Kask, Kristi Graf, Riina Koidumaa (board since 30.12.2017).

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.