Apartment association · Lüllemäe küla, Valga vald
Kullamäe põik 4 apartment association
Valga vald, Lüllemäe küla, Kullamäe põik 4 korteriühistu (registry code 80545044) manages a 3-storey brick building built in 1985 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €28,194 (€40 per m² of flat space) and it held €6,213 in cash. In 2020 long-term liabilities rose from €0 to €39,737 — usually a sign of a renovation.
Board
- SVSilver Visnapuuboard member6 years 6 monthsalso: Kullamäe tee 6
- House conditionaverage
- 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
- 1985
- Storeys
- 3
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
Building page: Kullamäe põik 4 →
Compared with similar buildings: Valga vald, built 1980–1990, brick (33 associations).
Finances by year
Loan principal repayment is an estimated €0.35 per m² of flat space a month, about €18 a month for a 50 m² flat (interest not included) — less than 70% of associations repaying a loan. The median is €0.52 in Estonia and €0.35 in Valga vald. At the current pace the loan will be repaid around 2035.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €28,194 | €9,961 | €6,213 | €1,360 | €0 |
| 2024 | €31,217 | €10,150 | €3,273 | €1,221 | €0 |
| 2023 | €35,457 | €7,150 | €1,882 | €1,653 | €1,165 |
| 2022 | €33,875 | €7,207 | €1,724 | €2,424 | €1,895 |
| 2021 | €36,706 | €6,334 | €2,981 | €1,164 | €1,196 |
| 2020 | €39,737 | €5,420 | €4,938 | €1,644 | €447 |
| 2019 | €0 | €5,893 | €6,889 | €1,155 | €449 |
Compared with similar buildings (Valga vald, built 1980–1990, brick; 33 associations), long-term liabilities per m² of flat space are higher than 97% of them. The median for buildings with a loan is €20/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?
An estimate for a flat at Kullamäe põik 4 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Kullamäe tee 1Lüllemäe küla1967 · 12 flats | €2,586 | €88 | 2025 |
| D | Kullamäe tee 12Lüllemäe küla1972 · 10 flats | €0 | €5,875 | 2025 |
| C | Kullamäe tee 4Lüllemäe küla1985 · 12 flats | €19,437 | €20,153 | 2025 |
| D | Kullamäe tee 10Lüllemäe küla1976 · 12 flats | €0 | €20,144 | 2025 |
| E | Kullamäe tee 6Lüllemäe küla1978 · 12 flats | €0 | €147 | 2025 |
| C | Kirikumõisa tee 13Lüllemäe küla1991 · 11 flats | €0 | €22,839 | 2025 |
| – | Kirikumõisa tee 17Lüllemäe küla1967 · 4 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €28,194 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 €6,213.
When was the building built?
According to the building register, it was first used in 1985 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Silver Visnapuu (board since 02.04.2020).
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.