Apartment association · Nigula küla, Lääne-Nigula vald
Nigula tee 12 apartment association
Lääne-Nigula vald, Nigula küla, Nigula tee 12 korteriühistu (registry code 80359732) manages a 3-storey block building built in 1980 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €8,942 (€11 per m² of flat space) and it held €17,357 in cash. In 2022 long-term liabilities rose from €0 to €27,804 — usually a sign of a renovation.
Board
- AKAivo Kreemannboard member8 years 9 months
- STSirje Taavitsboard member8 years 9 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
- 1980
- Storeys
- 3
- Construction
- block
- Flats
- 12
- Lift
- no
- Heating
- stove
Building page: Nigula tee 12 →
Compared with similar buildings: Lääne-Nigula vald, built 1975–1985, block (24 associations).
Finances by year
Loan principal repayment is an estimated €0.63 per m² of flat space a month, about €32 a month for a 50 m² flat (interest not included) — more than 62% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2027.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €8,942 | €24,705 | €17,357 | €7,104 | €1,269 |
| 2024 | €15,768 | €17,441 | €10,756 | €8,431 | €960 |
| 2023 | €22,137 | €17,745 | €9,028 | €14,383 | €980 |
| 2022 | €27,804 | €12,457 | €5,809 | €55,289 | €980 |
| 2021 | €0 | €16,999 | €17,566 | €6,399 | €816 |
| 2020 | €0 | €15,036 | €12,489 | €3,575 | €306 |
| 2019 | €3,108 | €2,793 | €6,584 | €5,475 | €0 |
Compared with similar buildings (Lääne-Nigula vald, built 1975–1985, block; 24 associations), long-term liabilities per m² of flat space are higher than 50% of them. The median for buildings with a loan is €37/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €575–€575 per m².
What is your flat worth?
An estimate for a flat at Nigula tee 12 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| D | Nigula tee 14Nigula küla1980 · 12 flats | €0 | €4,922 | 2025 |
| C | Nigula tee 10Nigula küla1968 · 18 flats | €0 | €14,243 | 2025 |
| C | Nigula tee 3Nigula küla1968 · 12 flats | €0 | €13,623 | 2025 |
| C | Nigula tee 16Nigula küla1988 · 12 flats | €37,758 | €2,844 | 2025 |
| D | Nigula tee 5Nigula küla1978 · 18 flats | €0 | €12,556 | 2025 |
| – | Jõe tn 6Pälli küla1960 · 4 flats | no reports | ||
| – | Jõe tn 4Pälli küla1902 · 2 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €8,942 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 €17,357.
When was the building built?
According to the building register, it was first used in 1980 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Aivo Kreemann, Sirje Taavits (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.