Apartment association · Maardu linn
Kütte tn 8 apartment association
Maardu linn, Kütte tn 8 korteriühistu (registry code 80510241) manages a 2-storey brick building built in 1955 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €10,085 (€14 per m² of flat space) and it held €2,355 in cash. Long-term liabilities have fallen 56% since 2019.
Board
The association is run by Osaühing MAKET KINNISVARA.
- OMOsaühing MAKET KINNISVARAappointed manager8 years 8 months
- House conditionweak
- 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
- 1955
- Storeys
- 2
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Maardu linn, built 1950–1960, brick (46 associations).
Finances by year
Loan principal repayment is an estimated €0.24 per m² of flat space a month, about €12 a month for a 50 m² flat (interest not included) — less than 83% of associations repaying a loan. The median is €0.52 in Estonia and €0.35 in Maardu linn. At the current pace the loan will be repaid around 2030.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €10,085 | €5,993 | €2,355 | €25,559 | €0 |
| 2024 | €12,355 | €6,363 | €2,779 | €24,201 | €0 |
| 2023 | €14,836 | €6,086 | €1,751 | €28,517 | €0 |
| 2022 | €16,870 | €6,874 | €2,707 | €23,872 | €0 |
| 2021 | €18,898 | €6,399 | €2,751 | €21,757 | €0 |
| 2020 | €21,061 | €5,606 | €2,800 | €28,738 | €0 |
| 2019 | €23,164 | €4,549 | €1,020 | €21,259 | €0 |
Compared with similar buildings (Maardu linn, built 1950–1960, brick; 46 associations), long-term liabilities per m² of flat space are higher than 50% of them. The median for buildings with a loan is €56/m².
Flats in this building
Over the last 12 months 2 flats have been for sale in this building, asking €1,138–€1,295 per m².
Estate agents in Maardu · Flat prices in Maardu
Estate agents who have offered flats in this building
- FARHAD JänesAfalina Kinnisvara OÜ1 flat
- Randam FeldbergFeld Consult OÜ1 flat
What is your flat worth?
An estimate for a flat at Kütte tn 8 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Kütte tn 71959 · 7 flats | €0 | €7,218 | 2025 |
| A | Kütte tn 101954 · 12 flats | €69,487 | €14,925 | 2025 |
| B | Mäeotsa tn 72021 · 24 flats | €9,994 | €11,562 | 2025 |
| B | Kütte tn 51954 · 8 flats | €52,956 | €11,235 | 2025 |
| D | Karjääri tn 151955 · 8 flats | €67 | €10,527 | 2025 |
| C | Kütte tn 41954 · 8 flats | €30,361 | €8,928 | 2025 |
| C | Mäeotsa tn 101959 · 8 flats | €0 | €9,825 | 2025 |
| E | Karjääri tn 131955 · 12 flats | €8,617 | €5,949 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €10,085 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 €2,355.
When was the building built?
According to the building register, it was first used in 1955 and has 2 storeys.
Who is on the association's board?
According to the business register, the association is run by Osaühing MAKET KINNISVARA.
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.