Apartment association · Vasalemma alevik, Lääne-Harju vald
Kivi tn 4 apartment association
Lääne-Harju vald, Vasalemma alevik, Kivi tn 4 korteriühistu (registry code 80173772) manages a 2-storey brick building built in 1971 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €237,539 (€473 per m² of flat space) and it held €8,475 in cash. In 2023 long-term liabilities rose from €0 to €250,215 — usually a sign of a renovation.
Board
- EIEndla Ilumetsboard member8 years 9 months
- KFKristo Feldbergboard member2 years 7 monthsalso: J. Kappeli tn 8
- MSMonika Salajõeboard member5 years 4 monthsalso: Põhja tn 33, Vasara tn 11
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash buffergood
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1971
- Storeys
- 2
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
- A
- B
- C
- DDvalid until 25.06.2031
- E
- F
- G
- H
Compared with similar buildings: Lääne-Harju vald, built 1966–1976 (23 associations).
Finances by year
Loan principal repayment is an estimated €1.05 per m² of flat space a month, about €53 a month for a 50 m² flat (interest not included) — more than 88% of associations repaying a loan. The median is €0.52 in Estonia and €0.45 in Lääne-Harju vald. At the current pace the loan will be repaid around 2063.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €237,539 | €20,104 | €8,475 | €17,699 | €0 |
| 2024 | €244,317 | €14,939 | €6,987 | €29,909 | €145 |
| 2023 | €250,215 | €21,019 | €16,100 | €22,401 | €394 |
| 2022 | €0 | €10,827 | €10,321 | €8,433 | €445 |
| 2021 | €0 | €6,614 | €5,603 | €8,006 | €602 |
| 2020 | €0 | €5,569 | €5,491 | €2,747 | €48 |
| 2019 | €0 | €3,342 | €4,548 | €1,066 | — |
Compared with similar buildings (Lääne-Harju vald, built 1966–1976; 23 associations), long-term liabilities per m² of flat space are higher than 96% of them. The median for buildings with a loan is €26/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
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Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Kivi tn 4aVasalemma alevik1983 · 18 flats | €110,885 | €25,915 | 2025 |
| C | Kivi tn 4bVasalemma alevik1988 · 27 flats | €4,083 | €2,601 | 2025 |
| – | Suvila tn 6Vasalemma alevik1954 · 6 flats | no reports | ||
| – | Jaama tn 6Vasalemma alevik1936 · 6 flats | no reports | ||
| B | Jaama tn 2bVasalemma alevik1962 · 8 flats | €37,196 | €1,613 | 2025 |
| D | Vaikne tn 6Vasalemma alevik, Vaikne tn 3b1952 · 8 flats | €2,555 | €303 | 2025 |
| – | Vaikne tn 3Vasalemma alevik1963 · 8 flats | €12,574 | €2,287 | 2020 |
| – | Roosi tn 18Vasalemma alevik1938 · 3 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €237,539 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 €8,475.
When was the building built?
According to the building register, it was first used in 1971 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Endla Ilumets, Kristo Feldberg, Monika Salajõe (board since 31.12.2017).
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.