Apartment association · Harku alevik, Harku vald

Instituudi tee 18 apartment association

Harku vald, Harku alevik, Instituudi tee 18 korteriühistu (registry code 80060921) manages a 3-storey brick building built in 1982 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €65,659 (€76 per m² of flat space) and it held €4,637 in cash. In 2024 long-term liabilities rose from €0 to €69,651 — usually a sign of a renovation.

Board

  • ATAndrus Tõrukeboard member8 years 9 months
  • ASArti Sokkboard member5 months
  • RLReet Lääneboard member5 years 4 months
C
Association grade
C · average
Harku vald: ranked 85 of 123 graded associations.
House conditionaverage
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
Managementaverage
reports filed on time

Building

Built
1982
Storeys
3
Construction
brick
Flats
24
Lift
no
Heating
district heating

Building page: Instituudi tee 18 →

Long-term liabilities
€65,659
as of 31.12.2025
Liabilities per m²
€76
similar buildings with a loan €39
Cash
€4,637
€5/m² · similar €23/m²
Income per m² a month
€1.42
similar buildings €1.31

Compared with similar buildings: Harku vald, built 1977–1987 (22 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
6 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²202381 €/m²new loan202476 €/m²2025

Loan principal repayment is an estimated €0.39 per m² of flat space a month, about €20 a month for a 50 m² flat (interest not included) — less than 66% of associations repaying a loan. The median is €0.52 in Estonia and €0.53 in Harku vald. At the current pace the loan will be repaid around 2042.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€65,659€7,472€4,637€14,698€3,093
2024€69,651€6,959€4,654€101,863€2,760
2023€0€6,415€6,510€12,992€2,859
2022€0€4,396€3,720€9,041€2,703
2021€0€4,414€3,254€15,574€2,833
2020€0€13,230€10,036€5,366€2,920
2019€5,201€12,438€7,736€14,550€2,812

Compared with similar buildings (Harku vald, built 1977–1987; 22 associations), long-term liabilities per m² of flat space are higher than 73% of them. The median for buildings with a loan is €39/m².

Flats in this building

2 flats were offered for rent at €48–€480 a month.

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
BInstituudi tee 16Harku alevik1965 · 24 flats€121,341€13,3962025
BInstituudi tee 9Harku alevik2018 · 17 flats€0€16,8632025
CInstituudi tee 7Harku alevik2018 · 17 flats€0€8,0242025
–Klubi tn 4Harku alevik1917 · 5 flatsno reports
CKlubi tn 5Harku alevik1988 · 16 flats€0€83,0112025
CUus tn 1Harku alevik1966 · 8 flats€63,065€1,9242025
CUus tn 3Harku alevik1972 · 12 flats€16,077€8,5112025
–Klubi tn 1Harku alevik1948 · 4 flats€0€2332022

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €65,659 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 €4,637.

When was the building built?

According to the building register, it was first used in 1982 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Andrus Tõruke, Arti Sokk, Reet Lääne (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.