Apartment association · Sutlepa küla / Sutlep, Lääne-Nigula vald
Sutlepa keskus 2 apartment association
Lääne-Nigula vald, Sutlepa küla / Sutlep, Sutlepa keskus 2 korteriühistu (registry code 80407543) manages a 2-storey brick building built in 1969 with 8 flats. According to its 2024 annual report, the association's long-term liabilities were €3,534 (€10 per m² of flat space) and it held €8,833 in cash. Long-term liabilities have fallen 69% since 2019.
Board
- MKMaia Kõrvemaaboard member2 years 10 months
- House conditionweak
- 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
- 1969
- Storeys
- 2
- Construction
- brick
- Flats
- 8
- Lift
- no
- Heating
- stove
Building page: Sutlepa keskus 2 →
Compared with similar buildings: Lääne-Nigula vald, built 1964–1974 (16 associations).
Finances by year
Loan principal repayment is an estimated €0.37 per m² of flat space a month, about €19 a month for a 50 m² flat (interest not included) — less than 69% of 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 |
|---|---|---|---|---|---|
| 2024 | €3,534 | €9,640 | €8,833 | €6,218 | €0 |
| 2023 | €5,234 | €9,196 | €8,304 | €2,008 | €0 |
| 2022 | €6,709 | €7,633 | €6,719 | €1,772 | €0 |
| 2021 | €8,298 | €6,413 | €5,414 | €1,616 | €407 |
| 2020 | €9,854 | €5,233 | €4,311 | €1,497 | €407 |
| 2019 | €11,369 | €4,269 | €2,677 | €1,699 | €407 |
Compared with similar buildings (Lääne-Nigula vald, built 1964–1974; 16 associations), long-term liabilities per m² of flat space are higher than 63% of them. The median for buildings with a loan is €17/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €963–€963 per m².
What is your flat worth?
An estimate for a flat at Sutlepa keskus 2 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Sutlepa keskus 1Sutlepa küla / Sutlep1900 · 8 flats | no reports | ||
| D | Sutlepa keskus 3Sutlepa küla / Sutlep1974 · 12 flats | €0 | €16,047 | 2025 |
| D | Sutlepa keskus 4Sutlepa küla / Sutlep1981 · 12 flats | €12,064 | €6,331 | 2024 |
Frequently asked questions
Does the association have a loan?
According to its 2024 report, the association has €3,534 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 €8,833.
When was the building built?
According to the building register, it was first used in 1969 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Maia Kõrvemaa (board since 04.12.2023).
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.