Apartment association · Tartu linn
Ilmatsalu tn 18a apartment association
Tartu linn, Ilmatsalu tn 18a korteriühistu (registry code 80149578) manages a 3-storey brick building built in 1977 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €17,244 (€17 per m² of flat space) and it held €19,824 in cash. Long-term liabilities have fallen 75% since 2019.
Board
- HSHelgi Saarnaboard member8 years 9 monthsalso: Nisu tn 2 // 2a
- PLPeeter Laasboard member8 years 9 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
- Managementgood
- reports filed on time
Building
- Built
- 1977
- Storeys
- 3
- Construction
- brick
- Flats
- 24
- Lift
- no
- Heating
- district heating
- A
- B
- C
- D
- E
- FF
- G
- H
Building page: Ilmatsalu tn 18a →
Compared with similar buildings: Tartu linn, built 1972–1982, brick (126 associations).
Finances by year
Loan principal repayment is an estimated €0.75 per m² of flat space a month, about €38 a month for a 50 m² flat (interest not included) — more than 74% of associations repaying a loan. The median is €0.52 in Estonia and €0.66 in Tartu linn. At the current pace the loan will be repaid around 2027.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €17,244 | €25,555 | €19,824 | €9,368 | €3,005 |
| 2024 | €26,940 | €20,638 | €14,321 | €9,884 | €5,619 |
| 2023 | €36,062 | €18,942 | €12,826 | €13,306 | €5,490 |
| 2022 | €44,845 | €18,993 | €12,993 | €10,132 | €5,948 |
| 2021 | €53,527 | €16,926 | €11,698 | €9,594 | €6,204 |
| 2020 | €61,905 | €14,617 | €9,445 | €20,925 | €5,902 |
| 2019 | €70,000 | €24,213 | €18,862 | €9,447 | €4,740 |
Compared with similar buildings (Tartu linn, built 1972–1982, brick; 126 associations), long-term liabilities per m² of flat space are higher than 63% of them. The median for buildings with a loan is €73/m².
Flats in this building
1 flat was offered for rent at €500 a month.
Estate agents in Veeriku · Flat prices in Veeriku
Estate agents who have offered flats in this building
- Ragne TeosKinnisvarabüroo Uus Maa OÜ1 flat
What is your flat worth?
An estimate for a flat at Ilmatsalu tn 18a from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Ilmatsalu tn 181977 · 24 flats | €30,926 | €22,449 | 2025 |
| – | Ilmatsalu tn 221977 · 4 flats | no reports | ||
| – | Ilmatsalu tn 201995 · 4 flats | no reports | ||
| E | Ilmatsalu tn 261977 · 4 flats | €0 | €523 | 2025 |
| – | Ilmatsalu tn 241977 · 4 flats | no reports | ||
| C | Ilmatsalu tn 71977 · 24 flats | €0 | €19,110 | 2025 |
| C | Ilmatsalu tn 121977 · 17 flats | €15,185 | €16,462 | 2025 |
| D | Ilmatsalu tn 26a2006 · 43 flats | €0 | €16,620 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €17,244 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 €19,824.
When was the building built?
According to the building register, it was first used in 1977 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Helgi Saarna, Peeter Laas (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.