Apartment association · Tallinn
Majaka tn 7 apartment association
Tallinn, Majaka tn 7 korteriühistu (registry code 80174566) manages a 5-storey brick building built in 1961 with 60 flats. According to its 2025 annual report, the association's long-term liabilities were €237,974 (€90 per m² of flat space) and it held €8,182 in cash. In 2020 long-term liabilities rose from €0 to €153,721 — usually a sign of a renovation.
Board
- EOEili Orumägiboard member8 years 9 months
- TPToomas Piikboard member6 years 3 monthsalso: Peterburi tee 22
- 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
- 1961
- Storeys
- 5
- Construction
- brick
- Flats
- 60
- Lift
- no
- Heating
- district heating
Works on the building
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Maja otsaseinad on renoveeritud ja soojustatud.“ · ads of 2 flats
- „Püstikud, torustik ja radiaatorid on vahetatud.“ · ad of 1 flat
- A
- B
- C
- D
- E
- FFvalid until 26.04.2025
- G
- H
Compared with similar buildings: Tallinn, built 1956–1966, brick (370 associations).
Finances by year
Loan principal repayment is an estimated €0.30 per m² of flat space a month, about €15 a month for a 50 m² flat (interest not included) — less than 77% of associations repaying a loan. The median is €0.52 in Estonia and €0.51 in Tallinn. At the current pace the loan will be repaid around 2050.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €237,974 | €27,340 | €8,182 | €44,948 | €0 |
| 2024 | €250,128 | €21,144 | €4,714 | €45,178 | €0 |
| 2023 | €260,476 | €20,472 | €4,402 | €49,326 | €0 |
| 2022 | €268,920 | €23,886 | €8,676 | €40,253 | €0 |
| 2021 | €277,514 | €24,569 | €6,331 | €76,418 | €1,362 |
| 2020 | €153,721 | €39,638 | €27,211 | €72,551 | €312 |
| 2019 | €0 | €59,846 | €59,849 | €16,147 | €0 |
Compared with similar buildings (Tallinn, built 1956–1966, brick; 370 associations), long-term liabilities per m² of flat space are higher than 83% of them. The median for buildings with a loan is €44/m².
Flats in this building
Over the last 12 months 2 flats have been for sale in this building, asking €2,786–€2,791 per m². 2 flats were offered for rent at €450–€550 a month.
Estate agents in Sikupilli · Flat prices in Sikupilli
Estate agents who have offered flats in this building
- Maksim MorgunovKinnisvarabüroo Uus Maa OÜ1 flat
What is your flat worth?
An estimate for a flat at Majaka tn 7 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| B | Majaka tn 31987 · 60 flats | €0 | €100,611 | 2025 |
| B | Majaka tn 111961 · 60 flats | €96,168 | €67,031 | 2025 |
| B | Majaka tn 91962 · 32 flats | €226,731 | €5,077 | 2025 |
| B | Asunduse tn 21972 · 52 flats | €0 | €104,774 | 2025 |
| B | Majaka tn 51962 · 32 flats | €44,697 | €10,253 | 2025 |
| A | Majaka tn 151961 · 60 flats | €17,674 | €35,615 | 2025 |
| D | Majaka tn 131962 · 32 flats | €12,360 | €17,611 | 2025 |
| D | Asunduse tn 41971 · 55 flats | €0 | €88,687 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €237,974 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 €8,182.
When was the building built?
According to the building register, it was first used in 1961 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Eili Orumägi, Toomas Piik (board since 31.12.2017).
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.