Apartment association · Tallinn

Järve tn 48 apartment association

Tallinn, Järve tn 48 korteriühistu (registry code 80056204) manages a 3-storey brick building built in 1955 with 16 flats. According to its 2024 annual report, the association's long-term liabilities were €49,479 (€52 per m² of flat space) and it held €24,984 in cash. In 2021 long-term liabilities rose from €28,226 to €53,386 — usually a sign of a renovation.

Board

  • MSMari Saarboard member4 years 1 month
  • PTPatrik Tammboard member4 years 1 month
  • VVVeiko Virunurmboard member4 years 1 month
B
Association grade
B · good
Tallinn: ranked 1210 of 4,374 graded associations.
House conditiongood
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
1955
Storeys
3
Construction
brick
Flats
16
Lift
no
Heating
district heating
Renovated
yes

Works on the building

Energy class has improved: E (2011) → C (2011)

per the building register

Building page: Järve tn 48 →

Long-term liabilities
€49,479
as of 31.12.2024
Liabilities per m²
€52
similar buildings with a loan €17
Cash
€24,984
€26/m² · similar €17/m²
Income per m² a month
€1.34
similar buildings €1.50

Compared with similar buildings: Tallinn, built 1950–1960, brick (193 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
20 €/m²201930 €/m²202056 €/m²new loan202156 €/m²202254 €/m²202352 €/m²2024
similar buildings with a smaller loan (median)

Loan principal repayment is an estimated €0.14 per m² of flat space a month, about €7 a month for a 50 m² flat (interest not included) — less than 91% of associations repaying a loan. The median is €0.52 in Estonia and €0.51 in Tallinn. At the current pace the loan will be repaid around 2055.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2024€49,479€8,954€24,984€15,307€0
2023€51,678€8,372€22,548€13,677€0
2022€53,320€8,274€18,848€12,262€0
2021€53,386€8,216€15,579€72,128€0
2020€28,226€3,031€29,612€5,202€0
2019€18,768€2,331€19,445€6,717€0

Compared with similar buildings (Tallinn, built 1950–1960, brick; 193 associations), long-term liabilities per m² of flat space are higher than 77% of them. The median for buildings with a loan is €44/m².

Flats in this building

Over the last 12 months 1 flat has been for sale in this building, asking €2,989–€2,989 per m².

Estate agents in Järve · Flat prices in Järve

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An estimate for a flat at Järve tn 48 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CJärve tn 291961 · 16 flats€5,698€4,3272025
BTuisu tn 171961 · 16 flats€0€20,5372025
CJärve tn 461961 · 6 flats€11,440€22,0332025
AJärve tn 501955 · 16 flats€73,388€5,1302025
–Järve tn 44a1988 · 6 flats€0€12,4762023
CJärve tn 50a1961 · 16 flats€65,163€20,4462025
CJärve tn 311961 · 16 flats€0€73,6092025
CJärve tn 441961 · 6 flats€8,195€10,4612025

Frequently asked questions

Does the association have a loan?

According to its 2024 report, the association has €49,479 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 2024 the association held €24,984.

When was the building built?

According to the building register, it was first used in 1955 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Mari Saar, Patrik Tamm, Veiko Virunurm (board since 05.09.2022).

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.