Apartment association · Narva linn
Joala tn 11 apartment association
Narva linn, Joala tn 11 korteriühistu (registry code 80189885) manages a 4-storey panel building built in 1953 with 92 flats. According to its 2025 annual report, the association's long-term liabilities were €250,404 (€46 per m² of flat space) and it held €42,388 in cash. In 2021 long-term liabilities rose from €0 to €220,851 — usually a sign of a renovation.
Board
- AKAleksandr Kutserenkoboard member3 years 5 months
- MMMaksym Morozovboard member3 years 5 months
- MMMikhail Mogutovboard member2 years 3 months
- NNNatalja Niženskajaboard member3 years 5 months
- OHOlga Hudjajevaboard member3 years 5 months
- 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
- Managementgood
- reports filed on time
Building
- Built
- 1953
- Storeys
- 4
- Construction
- panel
- Flats
- 92
- 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.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Hoonel on uus katus ja kõrged laed!!!“ · ad of 1 flat
Compared with similar buildings: Narva linn, built 1948–1958 (50 associations).
Finances by year
Loan principal repayment is an estimated €0.18 per m² of flat space a month, about €9 a month for a 50 m² flat (interest not included) — less than 89% of associations repaying a loan. The median is €0.52 in Estonia and €0.22 in Narva linn. At the current pace the loan will be repaid around 2047.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €250,404 | €38,934 | €42,388 | €269,554 | €18,209 |
| 2024 | €267,293 | €35,547 | €37,971 | €257,152 | €15,567 |
| 2023 | €264,092 | €31,860 | €22,053 | €180,454 | €16,477 |
| 2022 | €270,186 | €27,029 | €15,656 | €169,936 | €16,490 |
| 2021 | €220,851 | €27,331 | €10,488 | €154,366 | €15,476 |
| 2020 | €0 | €9,364 | €32,649 | €65,423 | €13,530 |
| 2019 | €0 | €7,192 | €9,457 | €71,951 | €12,334 |
Compared with similar buildings (Narva linn, built 1948–1958; 50 associations), long-term liabilities per m² of flat space are higher than 84% of them. The median for buildings with a loan is €46/m².
Flats in this building
Over the last 12 months 10 flats have been for sale in this building, asking €229–€1,167 per m². 3 flats were offered for rent at €260–€900 a month.
Estate agents in Narva · Flat prices in Narva
Estate agents who have offered flats in this building
- Sergei GorlatšTrianon OÜ2 flats
- Anastasia IvanovaMoira OÜ1 flat
- Irina RožinovaINVEST Kinnisvarabüroo OÜ1 flat
- Irina SõtšovaDrame Invest OÜ1 flat
- Nikita KulikovEriksal OÜ1 flat
- Sergei IssajevISKV Kinnisvara OÜ1 flat
What is your flat worth?
An estimate for a flat at Joala tn 11 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Kalda tn 41881 · 23 flats | €5,251 | €22,123 | 2025 |
| D | Joala tn 12Joala tn 101894 · 39 flats | €0 | €27,092 | 2025 |
| C | Kalda tn 61867 · 30 flats | €5,235 | €10,924 | 2025 |
| A | V. Gerassimovi tn 31868 · 35 flats | €0 | €18,308 | 2025 |
| D | Haigla tn 41868 · 48 flats | €0 | €22,910 | 2025 |
| C | Kose tn 3Joala tn 13, Joala tn 15, Kose tn 1a1968 · 35 flats | €0 | €68,784 | 2025 |
| D | Kalda tn 101965 · 29 flats | €0 | €4,392 | 2025 |
| C | Kalda tn 121990 · 90 flats | €0 | €35,265 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €250,404 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 €42,388.
When was the building built?
According to the building register, it was first used in 1953 and has 4 storeys.
Who is on the association's board?
According to the business register, the board members are Aleksandr Kutserenko, Maksym Morozov, Mikhail Mogutov, Natalja Niženskaja, Olga Hudjajeva (board since 05.05.2023).
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.