Apartment association · Siimusti alevik, Jõgeva vald

Kiigemetsa tn 1 apartment association

Jõgeva vald, Siimusti alevik, Kiigemetsa tn 1 korteriühistu (registry code 80046312) manages a 3-storey block building built in 1989 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €270,334 (€190 per m² of flat space) and it held €13,834 in cash. In 2021 long-term liabilities rose from €0 to €285,201 — usually a sign of a renovation.

Board

  • NSNelli Seppboard member4 years 4 months
C
Association grade
C · average
Jõgeva vald: ranked 120 of 176 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
Managementaverage
reports filed on time

Building

Built
1989
Storeys
3
Construction
block
Flats
24
Lift
no
Heating
district heating

Building page: Kiigemetsa tn 1 →

Long-term liabilities
€270,334
as of 31.12.2025
Liabilities per m²
€190
similar buildings with a loan €52
Cash
€13,834
€10/m² · similar €18/m²
Income per m² a month
€1.69
similar buildings €0.63

Compared with similar buildings: Jõgeva vald, built 1984–1994, block (15 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²2020200 €/m²new loan2021198 €/m²2022196 €/m²2023193 €/m²2024190 €/m²2025

Loan principal repayment is an estimated €0.22 per m² of flat space a month, about €11 a month for a 50 m² flat (interest not included) — less than 84% of associations repaying a loan. The median is €0.52 in Estonia and €0.45 in Jõgeva vald.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€270,334€20,797€13,834€28,916€0
2024€275,214€13,060€7,767€30,500€0
2023€279,342€10,374€3,451€28,802€0
2022€281,677€12,018€3,482€31,065€0
2021€285,201€67,400€8,780€422,655€0
2020€0€18,120€14,061€16,371€0
2019€0€14,776€10,076€12,133€278

Compared with similar buildings (Jõgeva vald, built 1984–1994, block; 15 associations), long-term liabilities per m² of flat space are higher than 93% of them. The median for buildings with a loan is €52/m².

Flats in this building

Over the last 12 months 2 flats have been for sale in this building, asking €484–€582 per m².

Estate agents who have offered flats in this building

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An estimate for a flat at Kiigemetsa tn 1 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CSauna tn 4Siimusti alevik1979 · 24 flats€19,734€26,9272025
ASauna tn 2Siimusti alevik1980 · 24 flats€227,814€19,2092025
CSauna tn 1 // Toominga tn 11Siimusti alevik1982 · 12 flats€0€40,7282025
CTorni tn 4Siimusti alevik1978 · 23 flats€0€14,4572025
BTorni tn 7Siimusti alevik1974 · 12 flats€72,481€3,4182025
CToominga tn 2Siimusti alevik1984 · 24 flats€63,667€10,2432025
CTorni tn 2Siimusti alevik1977 · 10 flats€0€10,6012025
CTorni tn 5Siimusti alevik1973 · 12 flats€0€9,7542025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €270,334 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 €13,834.

When was the building built?

According to the building register, it was first used in 1989 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Nelli Sepp (board since 01.06.2022).

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, 2019–2025). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.