Apartment association · Laeva küla, Tartu vald
Masti tee 4 apartment association
Tartu vald, Laeva küla, Masti tee 4 korteriühistu (registry code 80019806) manages a 3-storey panel building built in 1988 with 27 flats. According to its 2025 annual report, the association's long-term liabilities were €100,535 (€68 per m² of flat space) and it held €8,822 in cash. In 2020 long-term liabilities rose from €0 to €146,775 — usually a sign of a renovation.
Board
- HSHendrik Suviboard member3 years 3 months
- 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
- Managementgood
- reports filed on time
Building
- Built
- 1988
- Storeys
- 3
- Construction
- panel
- Flats
- 27
- Lift
- no
- Heating
- district heating
Compared with similar buildings: Tartu vald, built 1983–1993 (18 associations).
Finances by year
Loan principal repayment is an estimated €0.53 per m² of flat space a month, about €27 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 €0.46 in Tartu vald. At the current pace the loan will be repaid around 2036.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €100,535 | €20,117 | €8,822 | €13,302 | €3,168 |
| 2024 | €110,433 | €21,427 | €8,161 | €9,333 | €3,652 |
| 2023 | €119,996 | €18,883 | €1,579 | €10,206 | €3,383 |
| 2022 | €129,223 | €17,282 | €2,137 | €7,235 | €2,301 |
| 2021 | €138,150 | €13,611 | €1,121 | €44,501 | €1,817 |
| 2020 | €146,775 | €41,443 | €32,317 | €177,314 | €2,241 |
| 2019 | €0 | €2,830 | €4,469 | €14,936 | €1,391 |
Compared with similar buildings (Tartu vald, built 1983–1993; 18 associations), long-term liabilities per m² of flat space are higher than 78% of them. The median for buildings with a loan is €46/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
An estimate for a flat at Masti tee 4 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| E | Masti tee 8Laeva küla1995 · 18 flats | €1,008,802 | €19,041 | 2025 |
| B | Masti tee 6Laeva küla1988 · 18 flats | €99,199 | €18,271 | 2025 |
| A | Masti tee 10Laeva küla1995 · 18 flats | €3,053 | €8,857 | 2025 |
| B | Masti tee 12Laeva küla1972 · 12 flats | €33,423 | €1,546 | 2025 |
| D | Masti tee 3Laeva küla1972 · 13 flats | €0 | €2,833 | 2025 |
| D | Masti tee 5Laeva küla1992 · 18 flats | €0 | €4,918 | 2025 |
| B | Purje tee 1Laeva küla1947 · 12 flats | €44,230 | €975 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €100,535 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 €8,822.
When was the building built?
According to the building register, it was first used in 1988 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Hendrik Suvi (board since 05.07.2023).
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.