Apartment association · Tallinn
Akadeemia tee 68 apartment association
Tallinn, Akadeemia tee 68 korteriühistu (registry code 80148722) manages a 5-storey panel building built in 1965 with 80 flats. According to its 2025 annual report, the association's long-term liabilities were €902,006 (€258 per m² of flat space) and it held €174,169 in cash. In 2024 long-term liabilities rose from €55,967 to €741,084 — usually a sign of a renovation.
Board
- IPIrina Pritboard member2 years 3 months
- JJJelena Jevdokimenkoboard member8 years 9 months
- MTMati Tikenbergboard member8 years 9 months
- House conditiongood
- age, energy class and works done
- Loan affordabilitygood
- loan vs the association's annual income
- Cash bufferaverage
- cash next to the loan, 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1965
- Storeys
- 5
- Construction
- panel
- Flats
- 80
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Maja on paneelmaja, täielikult renoveeritud 2024-2025“ · ads of 2 flats
- „uuendatud on hoone fassaad“ · ads of 5 flats
- „✅ katus“ · ads of 2 flats
- „uute vastu on asendatud ka vee- ja kanalisastsioonipüstakud“ · ad of 1 flat
- „uuendati küttesüsteem ja soojasõlm“ · ads of 4 flats
- „✅ ventilatsioon“ · ad of 1 flat
- A
- B
- CCvalid until 13.04.2031
- D
- E
- F
- G
- H
Building page: Akadeemia tee 68 →
Compared with similar buildings: Tallinn, built 1960–1970, panel (284 associations).
Finances by year
Loan principal repayment is an estimated €0.13 per m² of flat space a month, about €7 a month for a 50 m² flat (interest not included) — less than 93% of associations repaying a loan. The median is €0.52 in Estonia and €0.51 in Tallinn.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €902,006 | €214,000 | €174,169 | €98,456 | €0 |
| 2024 | €741,084 | €202,144 | €176,631 | €177,758 | €0 |
| 2023 | €55,967 | €179,146 | €170,372 | €36,465 | €0 |
| 2022 | €61,272 | €127,509 | €112,111 | €30,231 | €0 |
| 2021 | €67,030 | €102,469 | €86,225 | €20,941 | €0 |
| 2020 | €72,801 | €63,417 | €51,355 | €22,808 | €0 |
| 2019 | €78,472 | €47,276 | €37,522 | €22,313 | €0 |
Compared with similar buildings (Tallinn, built 1960–1970, panel; 284 associations), long-term liabilities per m² of flat space are higher than 96% of them. The median for buildings with a loan is €35/m².
Flats in this building
Over the last 12 months 5 flats have been for sale in this building, asking €2,099–€3,571 per m². 1 flat was offered for rent at €530 a month.
Estate agents in Mustamäe · Flat prices in Mustamäe
Estate agents who have offered flats in this building
- Dmitri SutškovSPC Kinnisvara OÜ1 flat
- Kaiti PatrasonLeandra Kinnisvara1 flat
- Lauretha KoplimetsKinnisvarabüroo Uus Maa OÜ1 flat
- Mikk MännametsKinnisvarabüroo Uus Maa OÜ1 flat
- Parim KinnisvaraEstate Sale Service OÜ1 flat
What is your flat worth?
An estimate for a flat at Akadeemia tee 68 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Akadeemia tee 68a1966 | no reports | ||
| B | Akadeemia tee 64a1973 · 40 flats | €0 | €140,217 | 2025 |
| A | Akadeemia tee 621969 · 80 flats | €63,900 | €34,571 | 2025 |
| C | Akadeemia tee 701965 · 80 flats | €0 | €113,719 | 2024 |
| B | Kadaka tee 1751976 · 60 flats | €205,087 | €18,232 | 2025 |
| – | Akadeemia tee 60a1965 | no reports | ||
| A | Akadeemia tee 601965 · 80 flats | €98,542 | €13,950 | 2025 |
| A | E. Vilde tee 1421965 · 90 flats | €327,683 | €55,880 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €902,006 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 €174,169.
When was the building built?
According to the building register, it was first used in 1965 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Irina Prit, Jelena Jevdokimenko, Mati Tikenberg (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.