Apartment association · Põlgaste küla, Kanepi vald

Põlgaste keskus 8 apartment association

Kanepi vald, Põlgaste küla, Põlgaste keskus 8 korteriühistu (registry code 80412314) manages a 2-storey panel building built in 1986 with 8 flats. According to its 2024 annual report, the association's long-term liabilities were €19,265 (€37 per m² of flat space) and it held €19,986 in cash.

Board

  • RRRaul Raudnagelboard member8 years 9 months
E
Association grade
E · weak
Kanepi vald: ranked 35 of 35 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilityweak
loan vs the association's annual income
Cash bufferaverage
cash next to the loan, 3-year average
Managementweak
reports filed on time

Building

Built
1986
Storeys
2
Construction
panel
Flats
8
Lift
no
Heating
district heating

Building page: Põlgaste keskus 8 →

Long-term liabilities
€19,265
as of 31.12.2024
Liabilities per m²
€37
similar buildings with a loan €26
Cash
€19,986
€39/m² · similar €16/m²
Income per m² a month
€0.14
similar buildings €0.60

Compared with similar buildings: Kanepi vald, built 1981–1991 (17 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
13 €/m²201918 €/m²202023 €/m²202128 €/m²202232 €/m²202337 €/m²2024
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2024€19,265€246€19,986€865€0
2023€16,783€216€17,559€864€0
2022€14,302€164€14,990€862€0
2021€11,820€119€12,500€862€0
2020€9,339€121€10,041€863€0
2019€6,857€133€7,397€894€0

Compared with similar buildings (Kanepi vald, built 1981–1991; 17 associations), long-term liabilities per m² of flat space are higher than 82% of them. The median for buildings with a loan is €26/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 Põlgaste keskus 8 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CPõlgaste keskus 7Põlgaste küla1986 · 8 flats€0€18,6882025
CPõlgaste keskus 6Põlgaste küla1986 · 8 flats€48,172€3,1522024
DPõlgaste keskus 5Põlgaste küla1986 · 8 flats€0€17,6302024
CPõlgaste keskus 11Põlgaste küla1986 · 12 flats€0€4,0562025
CPõlgaste keskus 10Põlgaste küla1986 · 12 flats€0€14,2992025
EPõlgaste keskus 4Põlgaste küla1968 · 8 flats€4,386€7,8762024
CPõlgaste keskus 3Põlgaste küla1970 · 12 flats€0€23,2942025
CRoosi tee 14Põlgaste küla1990 · 12 flats€0€29,6812025

Frequently asked questions

Does the association have a loan?

According to its 2024 report, the association has €19,265 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 2024 the association held €19,986.

When was the building built?

According to the building register, it was first used in 1986 and has 2 storeys.

Who is on the association's board?

According to the business register, the board members are Raul Raudnagel (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, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.