Apartment association · Tartu linn

Lepa tn 23 apartment association

Tartu linn, Lepa tn 23 korteriühistu (registry code 80294205) manages a 4-storey panel building built in 2008 with 43 flats. According to its 2025 annual report, the association's long-term liabilities were €25,191 (€10 per m² of flat space) and it held €24,925 in cash. Long-term liabilities have fallen 50% since 2019.

Board

  • AMAnnely Maasikboard member3 months
  • SSSander Saaresboard member8 years 9 months
  • SJSergei Jakovlevboard member1 year 4 months
A
Association grade
A · very good
Tartu linn: ranked 168 of 1,460 graded associations.
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
2008
Storeys
4
Construction
panel
Flats
43
Heating
district heating

Building page: Lepa tn 23 →

Long-term liabilities
€25,191
as of 31.12.2025
Liabilities per m²
€10
similar buildings with a loan €17
Cash
€24,925
€10/m² · similar €11/m²
Income per m² a month
€1.13
similar buildings €1.04

Compared with similar buildings: Tartu linn, built 2003–2013, panel (38 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
19 €/m²201925 €/m²202032 €/m²202120 €/m²202211 €/m²20239 €/m²202410 €/m²2025
similar buildings with a smaller loan (median)

Loan principal repayment is an estimated €0.79 per m² of flat space a month, about €40 a month for a 50 m² flat (interest not included) — more than 77% of associations repaying a loan. The median is €0.52 in Estonia and €0.66 in Tartu linn. At the current pace the loan will be repaid around 2027.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€25,191€4,385€24,925€35,286€0
2024€23,030€4,901€21,926€43,659€0
2023€28,637€6,429€28,743€67,009€0
2022€53,489€9,685€56,621€60,141€0
2021€82,296€10,202€85,310€14,975€0
2020€64,060€3,627€65,993€21,678€0
2019€50,407€3,824€49,485€24,840€0

Compared with similar buildings (Tartu linn, built 2003–2013, panel; 38 associations), long-term liabilities per m² of flat space are higher than 71% of them. The median for buildings with a loan is €21/m².

Flats in this building

Over the last 12 months 2 flats have been for sale in this building, asking €2,166–€3,196 per m². 2 flats were offered for rent at €400–€500 a month.

Estate agents in Annelinn · Flat prices in Annelinn

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CLepa tn 182007 · 18 flats€0€22,9242025
AJaama tn 1692020 · 34 flats€0€8,8822025
AJaama tn 16761 flats€0€10,1342025
BAnne tn 841985 · 72 flats€0€67,8982025
BJaama tn 1711986 · 72 flats€45,712€47,3652025
BAnne tn 821985 · 72 flats€0€49,8922025
DAnne tn 921986 · 144 flats€0€32,7832025
BAnne tn 901995 · 72 flats€0€28,9092025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €25,191 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 €24,925.

When was the building built?

According to the building register, it was first used in 2008 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Annely Maasik, Sander Saares, Sergei Jakovlev (board since 06.01.2018).

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.