Apartment association · Adavere alevik, Põltsamaa vald
Aia tn 1 apartment association
Põltsamaa vald, Adavere alevik, Aia tn 1 korteriühistu (registry code 80488145) manages a 2-storey brick building built in 1971 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €69,713 (€140 per m² of flat space) and it held €8,220 in cash. In 2024 long-term liabilities rose from €0 to €71,033 — usually a sign of a renovation.
Board
The association is run by AREM 14700362 OÜ.
- A1AREM 14700362 OÜappointed manager4 years 7 months
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time · professional manager
Building
- Built
- 1971
- Storeys
- 2
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- stove
Compared with similar buildings: Põltsamaa vald, built 1966–1976 (32 associations).
Finances by year
Loan principal repayment is an estimated €0.22 per m² of flat space a month, about €11 a month for a 50 m² flat (interest not included) — less than 84% of associations repaying a loan. The median is €0.52 in Estonia.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €69,713 | €11,298 | €8,220 | €6,815 | €0 |
| 2024 | €71,033 | €8,730 | €5,840 | €78,230 | €0 |
| 2023 | €0 | €4,286 | €4,983 | €3,473 | €0 |
| 2022 | €0 | €3,083 | €3,027 | €2,969 | €0 |
| 2021 | €0 | €2,145 | €2,017 | €2,233 | €0 |
| 2020 | €0 | €1,379 | €1,719 | €1,774 | €0 |
| 2019 | €0 | €701 | €644 | €4,036 | €0 |
Compared with similar buildings (Põltsamaa vald, built 1966–1976; 32 associations), long-term liabilities per m² of flat space are higher than 84% of them. The median for buildings with a loan is €87/m².
Flats in this building
Over the last 12 months 2 flats have been for sale in this building, asking €450–€638 per m².
Estate agents who have offered flats in this building
- Annika AasrandLääneranna Kinnisvara OÜ1 flat
- Lääneranna KinnisvaraLääneranna Kinnisvara OÜ1 flat
What is your flat worth?
An estimate for a flat at Aia tn 1 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Pargi tn 11Adavere alevik1960 · 4 flats | no reports | ||
| D | Aia tn 3Adavere alevik1968 · 12 flats | €12,028 | €16,574 | 2025 |
| B | Kesk tn 1Adavere alevik1980 · 18 flats | €0 | €40,093 | 2025 |
| C | Aia tn 5Adavere alevik1973 · 18 flats | €0 | €21,408 | 2025 |
| C | Pargi tn 7Adavere alevik1960 · 4 flats | €0 | €15,945 | 2025 |
| A | Kesk tn 3Adavere alevik1978 · 18 flats | €118,471 | €24,584 | 2025 |
| C | Kuuse tn 1Adavere alevik1969 · 12 flats | €1,907 | €9,655 | 2025 |
| – | Pargi tn 5Adavere alevik1962 · 4 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €69,713 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 €8,220.
When was the building built?
According to the building register, it was first used in 1971 and has 2 storeys.
Who is on the association's board?
According to the business register, the association is run by AREM 14700362 OÜ.
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.