Apartment association · Ilmatsalu alevik, Tartu linn
Järve tee 4 apartment association
Tartu linn, Ilmatsalu alevik, Järve tee 4 korteriühistu (registry code 80382777) manages a 2-storey brick building built in 1961 with 4 flats. According to its 2025 annual report, the association's long-term liabilities were €26,492 (€130 per m² of flat space) and it held €1,330 in cash. Long-term liabilities have fallen 16% since 2019.
Board
- JSJan Siimsonboard member8 years 9 months
- MPMeljo Punaboard member8 years 9 months
- PVPaul Vaardboard member8 years 9 months
- RGRiina Guttunenboard member8 years 9 monthsalso: Kulli tee 11, Veemeistri tee 1a
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1961
- Storeys
- 2
- Construction
- brick
- Flats
- 4
- Lift
- no
- Heating
- stove
Compared with similar buildings: Tartu linn, built 1956–1966, brick (44 associations).
Finances by year
Loan principal repayment is an estimated €0.78 per m² of flat space a month, about €39 a month for a 50 m² flat (interest not included) — more than 76% 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 2039.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €26,492 | €4,594 | €1,330 | €2,376 | €0 |
| 2024 | €28,403 | €5,021 | €1,903 | €587 | €0 |
| 2023 | €30,030 | €4,292 | €711 | €7,349 | €0 |
| 2022 | €32,566 | €6,455 | €1,926 | €4,609 | €0 |
| 2021 | €23,589 | €314 | €2,514 | €5,112 | €0 |
| 2020 | €28,502 | €3,234 | €4,217 | €5,026 | €0 |
| 2019 | €31,595 | €3,217 | €3,642 | €4,151 | €0 |
Compared with similar buildings (Tartu linn, built 1956–1966, brick; 44 associations), long-term liabilities per m² of flat space are higher than 80% of them. The median for buildings with a loan is €84/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,788–€1,788 per m².
What is your flat worth?
An estimate for a flat at Järve tee 4 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Järve tee 9Ilmatsalu alevik1935 · 4 flats | no reports | ||
| C | Järve tee 6Ilmatsalu alevik1966 · 12 flats | €19,661 | €3,800 | 2025 |
| – | Järve tee 11Ilmatsalu alevik1938 · 4 flats | no reports | ||
| B | Aasa tee 1Ilmatsalu alevik1972 · 18 flats | €134,546 | €11,356 | 2025 |
| E | Aasa tee 3Ilmatsalu alevik1974 · 18 flats | €140,988 | €20,324 | 2025 |
| – | Järve tee 13Ilmatsalu alevik1938 · 4 flats | no reports | ||
| C | Aasa tee 2Ilmatsalu alevik1979 · 18 flats | €50,921 | €9,666 | 2025 |
| B | Aasa tee 4aIlmatsalu alevik, Aasa tee 41982 · 18 flats | €66,511 | €10,323 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €26,492 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 €1,330.
When was the building built?
According to the building register, it was first used in 1961 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Jan Siimson, Meljo Puna, Paul Vaard, Riina Guttunen (board since 07.01.2018).
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.