Apartment association · Kuusalu alevik, Kuusalu vald
Kuusalu tee 37 apartment association
Kuusalu vald, Kuusalu alevik, Kuusalu tee 37 korteriühistu (registry code 80032675) manages a 2-storey brick building built in 1957 with 8 flats. According to its 2025 annual report, the association's long-term liabilities were €29,513 (€74 per m² of flat space) and it held €3,421 in cash. In 2020 long-term liabilities rose from €0 to €30,892 — usually a sign of a renovation.
Board
- AVAntonina-Imbi Vahuriboard member6 years 2 months
- MNMart Nurmsaluboard member6 years 2 months
- 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
- 1957
- Storeys
- 2
- Construction
- brick
- Flats
- 8
- Lift
- no
- Heating
- stove
Building page: Kuusalu tee 37 →
Compared with similar buildings: Kuusalu vald (52 associations).
Finances by year
Loan principal repayment is an estimated €0.54 per m² of flat space a month, about €27 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2037.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €29,513 | €6,324 | €3,421 | €3,584 | €0 |
| 2024 | €32,728 | €4,099 | €1,580 | €8,567 | €0 |
| 2023 | €35,449 | €6,640 | €3,930 | €8,052 | €0 |
| 2022 | €37,939 | €7,489 | €5,424 | €3,548 | €0 |
| 2021 | €40,183 | €3,359 | €3,930 | €14,933 | €0 |
| 2020 | €30,892 | €2,426 | €2,048 | €54,063 | €0 |
| 2019 | €0 | €18,155 | €17,317 | €651 | €0 |
Compared with similar buildings (Kuusalu vald; 52 associations), long-term liabilities per m² of flat space are higher than 87% of them. The median for buildings with a loan is €32/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 Kuusalu tee 37 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| E | Kuusalu tee 41aKuusalu alevik1898 · 13 flats | €0 | €7,789 | 2025 |
| D | Kuusalu tee 31Kuusalu alevik1957 · 11 flats | €0 | €28,532 | 2025 |
| C | Laane tn 12Kuusalu alevik1977 · 21 flats | €0 | €55,022 | 2025 |
| C | E. Ahrensi tn 2Kuusalu alevik1927 · 12 flats | €45,118 | €15,669 | 2025 |
| D | E. Ahrensi tn 4Kuusalu alevik1927 · 12 flats | €0 | €7,145 | 2025 |
| B | E. Ahrensi tn 6Kuusalu alevik1964 · 11 flats | €248,232 | €2,152 | 2025 |
| C | Laane tn 10Kuusalu alevik1927 · 12 flats | €23,047 | €1,727 | 2025 |
| C | Laane tn 11Kuusalu alevik1973 · 27 flats | €0 | €29,966 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €29,513 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 €3,421.
When was the building built?
According to the building register, it was first used in 1957 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Antonina-Imbi Vahuri, Mart Nurmsalu (board since 29.07.2020).
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.