Apartment association · Türisalu küla, Harku vald
Joakaare tee 1 apartment association
Harku vald, Türisalu küla, Joakaare tee 1 korteriühistu (registry code 80060068) manages a 3-storey brick building built in 1979 with 13 flats. According to its 2025 annual report, the association's long-term liabilities were €201,771 (€280 per m² of flat space) and it held €9,239 in cash. In 2020 long-term liabilities rose from €163 to €256,357 — usually a sign of a renovation.
Board
- CNChristjan Nummertboard member4 years 8 months
- MAMihkel Aroboard member4 years 8 months
- RRRauno Rebasboard member8 years 9 months
- House conditiongood
- age, energy class and works done
- Loan affordabilityweak
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1979
- Storeys
- 3
- Construction
- brick
- Flats
- 13
- Lift
- no
- Heating
- district heating
Works on the building
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- „korter asub täielikult renoveeritud kolmekorruselise korterelamu kolmandal korrusel“ · ad of 1 flat
- A
- B
- CCvalid until 02.05.2024
- D
- E
- F
- G
- H
Building page: Joakaare tee 1 →
Compared with similar buildings: Harku vald, built 1974–1984 (19 associations).
Finances by year
Loan principal repayment is an estimated €1.18 per m² of flat space a month, about €59 a month for a 50 m² flat (interest not included) — more than 91% 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 2045.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €201,771 | €23,908 | €9,239 | €238 | €0 |
| 2024 | €212,931 | €20,943 | €7,193 | €596 | €0 |
| 2023 | €222,230 | €18,581 | €5,100 | €293 | €0 |
| 2022 | €228,758 | €17,972 | €6,022 | €170 | €0 |
| 2021 | €240,973 | €11,447 | €1,854 | €31,097 | €0 |
| 2020 | €256,357 | €1,742 | €4,169 | €226,013 | €0 |
| 2019 | €163 | €1,882 | €9,911 | €19,977 | — |
Compared with similar buildings (Harku vald, built 1974–1984; 19 associations), long-term liabilities per m² of flat space are higher than 89% of them. The median for buildings with a loan is €72/m².
Flats in this building
2 flats were offered for rent at €530 a month.
What is your flat worth?
An estimate for a flat at Joakaare tee 1 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Joakaare tee 10Türisalu küla1968 · 24 flats | €100,966 | €3,755 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €201,771 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 €9,239.
When was the building built?
According to the building register, it was first used in 1979 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Christjan Nummert, Mihkel Aro, Rauno Rebas (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.