Apartment association · Narva linn

Masina tn 5 apartment association

Narva linn, Masina tn 5 korteriühistu (registry code 80250892) manages a 4-storey panel building built in 1961 with 43 flats. According to its 2025 annual report, the association's long-term liabilities were €7,543 (€5 per m² of flat space) and it held €17,561 in cash. Long-term liabilities have fallen 47% since 2019.

Board

  • JVJelena Valmeboard member5 years 6 months
  • MFMaria Fileiboard member6 years 3 months
  • MZMarina Zahharovaboard member3 years 2 months
  • MKMihhail Konanõhhinboard member8 years 9 months
D
Association grade
D · below average
Narva linn: ranked 284 of 407 graded associations.
House conditionweak
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
4
Construction
panel
Flats
43
Lift
no
Heating
district heating

Building page: Masina tn 5 →

Long-term liabilities
€7,543
as of 31.12.2025
Liabilities per m²
€5
similar buildings with a loan €31
Cash
€17,561
€11/m² · similar €6/m²
Income per m² a month
€0.73
similar buildings €1.22

Compared with similar buildings: Narva linn, built 1956–1966, panel (37 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
9 €/m²20196 €/m²20203 €/m²20210 €/m²20220 €/m²20230 €/m²20245 €/m²2025

Loan principal repayment is an estimated €0.22 per m² of flat space a month, about €11 a month for a 50 m² flat (interest not included) — less than 85% of associations repaying a loan. The median is €0.52 in Estonia and €0.22 in Narva linn. At the current pace the loan will be repaid around 2027.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€7,543€0€17,561€14,053€6,141
2024€0€10,988€9,897€14,498€6,919
2023€0€6,473€6,032€15,693€4,437
2022€0€4,424€9,771€21,147-€2,713
2021€4,168€4,456€6,833€21,061-€2,713
2020€9,090€3,693€3,890€25,195-€4,955
2019€14,139€2,850€4,082€18,477-€6,412

Compared with similar buildings (Narva linn, built 1956–1966, panel; 37 associations), long-term liabilities per m² of flat space are higher than 76% of them. The median for buildings with a loan is €31/m².

Flats in this building

Over the last 12 months 2 flats have been for sale in this building, asking €185–€539 per m².

Estate agents in Kerese · Flat prices in Kerese

Estate agents who have offered flats in this building

What is your flat worth?

An estimate for a flat at Masina tn 5 from similar homes — free and instant.

Value your flat

Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
DVaksali tn 131962 · 32 flats€0€7,2832025
DMasina tn 31961 · 44 flats€0€10,5292025
CVaksali tn 151963 · 32 flats€0€9,9122025
AA. Puškini tn 31949 · 12 flats€0€8,9482025
EMadise tn 61961 · 44 flats€0€1,1292025
AA. Puškini tn 51960 · 70 flats€0€23,9112025
DMadise tn 81961 · 32 flats€0€17,3602025
CMadise tn 101961 · 32 flats€0€12,6822025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €7,543 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 €17,561.

When was the building built?

According to the building register, it was first used in 1961 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Jelena Valme, Maria Filei, Marina Zahharova, Mihhail Konanõhhin (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.