Apartment association ·

Tartu vald, Kõrveküla alevik, Pärna tn 1 // Vasula tee 5, Vasula tee L7 apartment association

Tartu vald, Kõrveküla alevik, Pärna tn 1 // Vasula tee 5, Vasula tee L7 korteriühistu (registry code 80219528) manages a 3-storey panel building built in 1982 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €37,447 (€25 per m² of flat space) and it held €6,503 in cash. In 2020 long-term liabilities rose from €28,545 to €53,721 — usually a sign of a renovation.

Board

  • MNMae Nurmelaboard member8 years 9 months
  • MPMargus Pärsikboard member8 years 9 months
  • PVPriidik Veiboard member8 years 9 months
A
Association grade
A · very good
House conditiongood
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
3
Construction
panel
Flats
24
Renovated
yes

Works on the building

Energy class has improved: F (2011) → A (2024)

per the building register

Energy class
  • AAvalid until 23.05.2034
  • B
  • C
  • D
  • E
  • F
  • G
  • H

Building page: Pärna tn 2 →

Long-term liabilities
€37,447
as of 31.12.2025
Liabilities per m²
€25
per m² of flat space
Cash
€6,503
€4/m²
Income per m² a month
€0.76
per m² of flat space, 2025

Finances by year

Long-term liabilities per m² of flat space at year end
19 €/m²201935 €/m²new loan202033 €/m²202131 €/m²202229 €/m²202327 €/m²202425 €/m²2025

Loan principal repayment is an estimated €0.18 per m² of flat space a month, about €9 a month for a 50 m² flat (interest not included) — less than 88% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2037.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€37,447€3,877€6,503€13,869€0
2024€41,171€3,616€6,646€11,665—
2023€44,573€3,105€5,200€9,915€0
2022€47,021€3,558€4,885€9,786€0
2021€50,371€3,524€4,023€9,727€0
2020€53,721€3,431€3,612€9,119€0
2019€28,545€3,294€4,932€8,614€0

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 Tartu vald, Kõrveküla alevik, Pärna tn 1 // Vasula tee 5, Vasula tee L7 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
APärna tn 2Kõrveküla alevik1982 · 24 flats€54,686€26,7072025
CPärna tn 4Kõrveküla alevik1980 · 24 flats€226,771€12,8592025
BVasula tee 9Kõrveküla alevik1987 · 18 flats€128,655€2,5912025
–Haava tn 2Kõrveküla alevik€0€1,0492024
APärna tn 9Kõrveküla alevik2018 · 7 flats€0€17,1132025
AHariduse põik 1 // Hariduse tn 9Kõrveküla alevik2021 · 6 flats€0€7,2202025
DHariduse tn 2 // Vasula tee 29Kõrveküla alevik1977 · 12 flats€0€5,2492025
CHariduse tn 4Kõrveküla alevik1970 · 12 flats€0€31,4192025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €37,447 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 €6,503.

When was the building built?

According to the building register, it was first used in 1982 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Mae Nurmela, Margus Pärsik, Priidik Vei (board since 06.01.2018).

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.