Apartment association · Sõmeru alevik, Rakvere vald

Jõe tn 6 apartment association

Rakvere vald, Sõmeru alevik, Jõe tn 6 korteriühistu (registry code 80422092) manages a 2-storey panel building built in 1961 with 6 flats. According to its 2024 annual report, the association's long-term liabilities were €14,879 (€67 per m² of flat space) and it held €4,284 in cash.

Board

B
Association grade
B · good
Rakvere vald: ranked 10 of 69 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
Managementgood
reports filed on time · professional manager

Building

Built
1961
Storeys
2
Construction
panel
Flats
6
Lift
no
Heating
stove

Building page: Jõe tn 6 →

Long-term liabilities
€14,879
as of 31.12.2024
Liabilities per m²
€67
similar buildings with a renovation loan €113
Cash
€4,284
€19/m² · similar €19/m²
Income per m² a month
€1.60
similar buildings €0.67

Compared with similar buildings: Rakvere vald (69 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²202182 €/m²202277 €/m²202367 €/m²2024
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.59 per m² of flat space a month, about €30 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.55 in Rakvere vald. At the current pace the loan will be repaid around 2034.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2024€14,879€6,112€4,284€4,231€0
2023€16,996€5,390€3,669€3,232€0
2022€18,012€3,796€2,248€21,470€0
2021€0€1,154€919€4,161€0
2020€0€3,181€1,672€1,368€0
2019€0€1,159€385€3,118€0

Compared with similar buildings (Rakvere vald; 69 associations), long-term liabilities per m² of flat space are higher than 65% of them. The median for buildings with a loan is €92/m².

Flats in this building

No flat in this building has been for sale or rent in the last 12 months.

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An estimate for a flat at Jõe tn 6 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
–Jõe tn 8Sõmeru alevik1984 · 8 flatsno reports
DAasa tn 5Sõmeru alevik1990 · 12 flats€165,036€38,7672025
–Jõe tn 4aSõmeru alevik, Jõe tn 4€71,271€9,6132025
APõllu tn 9Sõmeru alevik1968 · 12 flats€144,617€14,4302025
CPõllu tn 4Sõmeru alevik1973 · 18 flats€177,773€20,1482025
DTiigi tn 4aSõmeru alevik, Tiigi tn 11984 · 9 flats€29,084€27,1402025
BPuiestee tn 1Sõmeru alevik1983 · 30 flats€0€11,7072025
–Puiestee tn 4Sõmeru alevik1984 · 4 flatsno reports

Frequently asked questions

Does the association have a loan?

According to its 2024 report, the association has €14,879 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 €4,284.

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 Silva Kereme, Veiko Vassiljev (board since 08.01.2018).

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, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.