Apartment association · Rakvere linn
Lai tn 22 apartment association
Rakvere linn, Lai tn 22 korteriühistu (registry code 80054518) manages a 4-storey reinforced-concrete building built in 1966 with 34 flats. According to its 2025 annual report, the association's long-term liabilities were €165,368 (€116 per m² of flat space) and it held €6,195 in cash. Long-term liabilities have fallen 30% since 2019.
Board
- ERErik Raieboard member6 years 6 months
- MLMerle Levoboard member1 year 5 months
- RKRiina Kirsipuuboard member1 year 5 months
- RTRoland Toomeboard member8 years 9 months
- VKVeljo Kravinskiboard member1 year 5 months
- House conditiongood
- 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
Building
- Built
- 1966
- Storeys
- 4
- Construction
- reinforced concrete
- Flats
- 34
- Lift
- no
- Heating
- district heating
- Renovated
- yes
Works on the building
per the building register
- A
- B
- CCvalid until 27.01.2029
- D
- E
- F
- G
- H
Compared with similar buildings: Rakvere linn, built 1961–1971 (39 associations).
Finances by year
Loan principal repayment is an estimated €0.65 per m² of flat space a month, about €33 a month for a 50 m² flat (interest not included) — more than 64% of associations repaying a loan. The median is €0.52 in Estonia and €0.65 in Rakvere linn. At the current pace the loan will be repaid around 2040.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €165,368 | €18,266 | €6,195 | €23,917 | €0 |
| 2024 | €178,360 | €21,117 | €4,982 | €25,241 | €1,003 |
| 2023 | €190,639 | €24,112 | €7,599 | €35,540 | €3,011 |
| 2022 | €200,555 | €38,261 | €21,810 | €13,672 | €3,010 |
| 2021 | €210,539 | €37,626 | €18,603 | €14,264 | €3,010 |
| 2020 | €222,880 | €37,616 | €20,423 | €14,943 | €3,010 |
| 2019 | €234,863 | €32,916 | €17,610 | €16,876 | €3,010 |
Compared with similar buildings (Rakvere linn, built 1961–1971; 39 associations), long-term liabilities per m² of flat space are higher than 72% of them. The median for buildings with a loan is €114/m².
Flats in this building
Over the last 12 months 2 flats have been for sale in this building, asking €1,165–€1,711 per m². 4 flats were offered for rent at €300–€400 a month.
Estate agents in Rakvere · Flat prices in Rakvere
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An estimate for a flat at Lai tn 22 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | F. G. Adoffi tn 21968 · 55 flats | €304,259 | €23,233 | 2025 |
| E | Lai tn 261967 · 46 flats | €308,382 | €20,545 | 2025 |
| C | Lai tn 281948 · 8 flats | €0 | €13,479 | 2025 |
| A | F. G. Adoffi tn 12025 · 27 flats | €0 | €233 | 2025 |
| C | Kastani pst 71948 · 8 flats | €0 | €18,320 | 2025 |
| C | Turu plats 32006 · 24 flats | €0 | €111,593 | 2025 |
| D | Kastani pst 81957 · 8 flats | €0 | €9,976 | 2025 |
| B | Lai tn 271970 · 20 flats | €3,582 | €23,597 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €165,368 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 €6,195.
When was the building built?
According to the building register, it was first used in 1966 and has 4 storeys.
Who is on the association's board?
According to the business register, the board members are Erik Raie, Merle Levo, Riina Kirsipuu, Roland Toome, Veljo Kravinski (board since 07.01.2018).
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.