Apartment association · Tartu linn
Ilmatsalu tn 8 apartment association
Tartu linn, Ilmatsalu tn 8 korteriühistu (registry code 80270446) manages a 3-storey brick building built in 1962 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €51,154 (€106 per m² of flat space) and it held €12,055 in cash. In 2025 long-term liabilities rose from €0 to €51,154 — usually a sign of a renovation.
Board
- ATAleks Tammelaboard member2 years 3 months
- ALAndres Lustboard member2 years 3 months
- MVMaigi Vijaboard 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
- 1962
- Storeys
- 3
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
Building page: Ilmatsalu tn 8 →
Compared with similar buildings: Tartu linn, built 1957–1967, brick (43 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €51,154 | €16,663 | €12,055 | €40,983 | €0 |
| 2024 | €0 | €12,544 | €13,589 | €11,406 | €0 |
| 2023 | €0 | €15,065 | €15,282 | €2,728 | €0 |
| 2022 | €0 | €9,043 | €9,603 | €33,132 | €0 |
| 2021 | €0 | €31,092 | €31,896 | €2,412 | €0 |
| 2020 | €0 | €24,909 | €25,502 | €5,193 | €0 |
| 2019 | €0 | €16,091 | €22,689 | €2,621 | €0 |
Compared with similar buildings (Tartu linn, built 1957–1967, brick; 43 associations), long-term liabilities per m² of flat space are higher than 70% of them. The median for buildings with a loan is €84/m².
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 Ilmatsalu tn 8 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Ilmatsalu tn 101954 · 16 flats | €20,828 | €8,666 | 2025 |
| – | Ilmatsalu tn 3k1996 | no reports | ||
| C | Ilmatsalu tn 121977 · 17 flats | €15,185 | €16,462 | 2025 |
| A | Veeriku tn 11 // Õhtu tn 22016 · 18 flats | €0 | €23,484 | 2025 |
| – | Ilmatsalu tn 21995 · 4 flats | no reports | ||
| B | Veeriku tn 101972 · 10 flats | €30,907 | €11,780 | 2025 |
| A | Veeriku tn 12b // 12c2006 · 20 flats | €24,371 | €41,113 | 2025 |
| C | Ilmatsalu tn 181977 · 24 flats | €30,926 | €22,449 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €51,154 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 €12,055.
When was the building built?
According to the building register, it was first used in 1962 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Aleks Tammela, Andres Lust, Maigi Vija (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.