Apartment association · Sillamäe linn

Mere pst 1 apartment association

Sillamäe linn, Mere pst 1 korteriühistu (registry code 80441572) manages a 3-storey brick building built in 1953 with 30 flats. According to its 2025 annual report, the association's long-term liabilities were €41,057 (€23 per m² of flat space) and it held €20,243 in cash. In 2020 long-term liabilities rose from €21,844 to €144,514 — usually a sign of a renovation.

Board

  • JLJevgeni Litvinboard member1 year 9 months
  • LRLiudmila Rochevaboard member3 years 5 months
  • LOLjudmila Orlovaboard member3 years 5 months
C
Association grade
C · average
Sillamäe linn: ranked 42 of 162 graded associations.
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
1953
Storeys
3
Construction
brick
Flats
30
Lift
no
Heating
district heating

Building page: Mere pst 1 →

Long-term liabilities
€41,057
as of 31.12.2025
Liabilities per m²
€23
similar buildings with a renovation loan €83
Cash
€20,243
€11/m² · similar €11/m²
Income per m² a month
€3.00
similar buildings €0.97

Compared with similar buildings: Sillamäe linn, built 1948–1958, brick (27 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
12 €/m²201979 €/m²new loan202081 €/m²202179 €/m²202237 €/m²202330 €/m²202423 €/m²2025

Loan principal repayment is an estimated €0.58 per m² of flat space a month, about €29 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 2029.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€41,057€23,732€20,243€65,554€7,263
2024€54,292€34,827€26,433€45,593€6,536
2023€66,586€35,962€23,668€51,888€6,983
2022€144,359€24,163€62,603€10,432-€6,369
2021€147,827€20,070€57,995€27,209€5,997
2020€144,514€15,098€47,861€22,420€5,592
2019€21,844€7,162€29,110€35,078€5,297

Compared with similar buildings (Sillamäe linn, built 1948–1958, brick; 27 associations), long-term liabilities per m² of flat space are higher than 52% of them. The median for buildings with a loan is €40/m².

Flats in this building

Over the last 12 months 3 flats have been for sale in this building, asking €408–€471 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 Mere pst 1 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CV. Majakovski tn 151956 · 57 flats€336,843€20,1362025
DMere pst 21955 · 22 flats€15,266€6,8562025
EKesk tn 221951 · 14 flats€256,253€28,3612025
DMere pst 41956 · 36 flats€18,045€17,0502025
CKesk tn 291949 · 20 flats€62,216€42025
DV. Majakovski tn 141956 · 60 flats€330€10,1162025
BKesk tn 251950 · 12 flats€38,183€13,0032025
CV. Majakovski tn 161957 · 56 flats€43,278€48,3762025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €41,057 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 €20,243.

When was the building built?

According to the building register, it was first used in 1953 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Jevgeni Litvin, Liudmila Rocheva, Ljudmila Orlova (board since 03.05.2023).

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.