Apartment association · Tallinn
Herne tn 20 // Magasini tn 18 apartment association
Tallinn, Herne tn 20 // Magasini tn 18 korteriühistu (registry code 80052063) manages a 2-storey wooden building built in 1917 with 10 flats. According to its 2024 annual report, the association's long-term liabilities were €0 and it held €25,267 in cash. The report shows no long-term liabilities.
Board
- ASArdo Siemerboard member2 years
- PLPriit Leisaluboard member8 years 9 months
- TATanel August Lindboard member2 years
- House conditionweak
- age, energy class and works done
- Loan affordabilitygood
- loan vs the association's annual income
- Cash buffergood
- cash per m², 3-year average
- Managementaverage
- reports filed on time
Building
- Built
- 1917
- Storeys
- 2
- Construction
- wood
- Flats
- 10
- Lift
- no
- Heating
- stove
Compared with similar buildings: Tallinn, built 1912–1922, wood (57 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2024 | €0 | €25,761 | €25,267 | — | — |
| 2023 | €0 | €23,015 | €22,746 | — | — |
| 2022 | €0 | €21,408 | €21,155 | — | — |
| 2021 | €0 | €18,114 | €17,919 | — | — |
| 2020 | €0 | €14,269 | €14,174 | — | — |
| 2019 | €0 | €12,234 | €11,556 | — | — |
Of similar buildings (Tallinn, built 1912–1922, wood; 57 associations), 37% have long-term liabilities; this association has none.
Flats in this building
3 flats were offered for rent at €330–€410 a month.
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| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Herne tn 181938 · 10 flats | €0 | €10,761 | 2025 |
| A | Herne tn 22 // Magasini tn 191933 · 8 flats | €21,706 | €1,946 | 2025 |
| B | Herne tn 252014 · 18 flats | €0 | €5,577 | 2025 |
| D | Herne tn 141901 · 9 flats | €3,351 | €5,206 | 2025 |
| C | Puhke tn 41940 · 20 flats | €31,282 | €20,575 | 2025 |
| – | Herne tn 241929 · 4 flats | no reports | ||
| E | Herne tn 12a1940 · 7 flats | €0 | €3,780 | 2024 |
| B | Herne tn 19Herne tn 172003 · 30 flats | €0 | €27,826 | 2025 |
Frequently asked questions
Does the association have a loan?
The 2024 report shows no long-term liabilities.
How much cash does the association have?
At the end of 2024 the association held €25,267.
When was the building built?
According to the building register, it was first used in 1917 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Ardo Siemer, Priit Leisalu, Tanel August Lind (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, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.