Apartment association · Viimsi alevik, Viimsi vald

Nelgi tee 3 apartment association

Viimsi vald, Viimsi alevik, Nelgi tee 3 korteriühistu (registry code 80494737) manages a 4-storey brick building built in 2003 with 49 flats. According to its 2025 annual report, the association's long-term liabilities were €2,542 (€1 per m² of flat space) and it held €7,020 in cash.

Board

The association is run by Osaühing MAKET KINNISVARA.

A
Association grade
A · very good
Viimsi vald: ranked 21 of 135 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 · professional manager

Building

Built
2003
Storeys
4
Construction
brick
Flats
49
Heating
district heating
Energy class
  • A
  • B
  • C
  • DDvalid until 05.05.2036
  • E
  • F
  • G
  • H

Building page: Nelgi tee 3 →

Long-term liabilities
€2,542
as of 31.12.2025
Liabilities per m²
€1
similar buildings with a loan €9
Cash
€7,020
€3/m² · similar €8/m²
Income per m² a month
€1.03
similar buildings €1.00

Compared with similar buildings: Viimsi vald, built 1998–2008 (44 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²20241 €/m²2025
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€2,542€9,142€7,020€28,329€0
2024€0€9,481€3,180€32,352€0
2023€0€13,013€8,018€32,666€0
2022€0€22,533€18,187€18,077€0
2021€0€20,294€15,998€24,093€0
2020€0€17,547€15,310€29,480€0
2019€0€24,791€23,218€19,965€0

Compared with similar buildings (Viimsi vald, built 1998–2008; 44 associations), long-term liabilities per m² of flat space are higher than 75% of them. The median for buildings with a loan is €9/m².

Flats in this building

Over the last 12 months 7 flats have been for sale in this building, asking €3,157–€4,770 per m². 3 flats were offered for rent at €450–€770 a month.

Estate agents who have offered flats in this building

What is your flat worth?

An estimate for a flat at Nelgi tee 3 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
AHüatsindi tee 1 // Nelgi tee 5Viimsi alevik2017 · 45 flats€66,406€80,6752025
BMooni tee 6Viimsi alevik1983 · 57 flats€64,095€27,6002025
BHüatsindi tee 2 // Nelgi põik 1Viimsi alevik2018 · 38 flats€0€43,8112025
AAstri tee 2aViimsi alevik2003 · 11 flats€88,646€8392025
ARoosi tee 6Viimsi alevik, Roosi tee 41968 · 12 flats€98,669€16,6192025
AMooni tee 5Viimsi alevik1983 · 60 flats€160,016€37,9892025
–Nelgi põik 4Viimsi alevik49 flatsno reports
CAiandi tee 2aViimsi alevik2010 · 19 flats€237,059€6,6342025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €2,542 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 €7,020.

When was the building built?

According to the building register, it was first used in 2003 and has 4 storeys.

Who is on the association's board?

According to the business register, the association is run by Osaühing MAKET KINNISVARA.

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.