Apartment association · Sillamäe linn

M. Gorki tn 7 apartment association

Sillamäe linn, M. Gorki tn 7 korteriühistu (registry code 80046002) manages a 2-storey brick building built in 1949 with 8 flats. According to its 2025 annual report, the association's long-term liabilities were €22,759 (€45 per m² of flat space) and it held €355 in cash. In 2022 long-term liabilities rose from €0 to €31,275 — usually a sign of a renovation.

Board

The association is run by Aktsiaselts MEKE SILLAMÄE.

C
Association grade
C · average
Sillamäe linn: ranked 56 of 162 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash next to the loan, 3-year average
Managementgood
reports filed on time · professional manager

Building

Built
1949
Storeys
2
Construction
brick
Flats
8
Lift
no
Heating
district heating
Energy class
  • A
  • B
  • C
  • D
  • EEvalid until 30.06.2029
  • F
  • G
  • H

Building page: M. Gorki tn 7 →

Long-term liabilities
€22,759
as of 31.12.2025
Liabilities per m²
€45
similar buildings with a renovation loan €78
Cash
€355
€1/m² · similar €11/m²
Income per m² a month
€0.97
similar buildings €0.92

Compared with similar buildings: Sillamäe linn, built 1944–1954, brick (26 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²202161 €/m²new loan202256 €/m²202351 €/m²202445 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.45 per m² of flat space a month, about €23 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.34 in Sillamäe linn. At the current pace the loan will be repaid around 2034.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€22,759€897€355€5,899€0
2024€26,076€1,102€130€12,650€0
2023€28,533€1,379€398€7,881€0
2022€31,275€1,098€2,944€40,612€0
2021€0€2,609€3,135€4,195€0
2020€0€1,682€1,797€3,503€0
2019€0€759€767€5,508€0

Compared with similar buildings (Sillamäe linn, built 1944–1954, brick; 26 associations), long-term liabilities per m² of flat space are higher than 65% of them. The median for buildings with a loan is €57/m².

Flats in this building

Over the last 12 months 2 flats have been for sale in this building, asking €533–€542 per m².

Estate agents in Sillamäe · Flat prices in Sillamäe

Estate agents who have offered flats in this building

What is your flat worth?

An estimate for a flat at M. Gorki tn 7 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
DM. Gorki tn 81949 · 4 flats€0€1,7052025
CM. Gorki tn 51949 · 12 flats€0€8,1212025
AM. Gorki tn 61949 · 8 flats€0€11,6482025
BKesk tn 371949 · 12 flats€25,450€902025
CKesk tn 39a1990 · 60 flats€0€34,7872025
CKesk tn 351950 · 11 flats€0€5,3762025
DM. Gorki tn 31949 · 8 flats€0€9,7112025
CM. Gorki tn 41949 · 3 flats€0€3,5782025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €22,759 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 €355.

When was the building built?

According to the building register, it was first used in 1949 and has 2 storeys.

Who is on the association's board?

According to the business register, the association is run by Aktsiaselts MEKE SILLAMÄE.

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.