Apartment association · Haapsalu linn
Niine tn 12 apartment association
Haapsalu linn, Niine tn 12 korteriühistu (registry code 80502477) manages a 4-storey block building built in 1966 with 32 flats. According to its 2025 annual report, the association's long-term liabilities were €64,327 (€48 per m² of flat space) and it held €15,144 in cash. In 2020 long-term liabilities rose from €5,378 to €91,548 — usually a sign of a renovation.
Board
- MSMeemo Sasseboard member7 years 6 months
- PÕPille Õlekõrsboard member7 years 6 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
- Managementaverage
- reports filed on time
Building
- Built
- 1966
- Storeys
- 4
- Construction
- block
- Flats
- 32
- Lift
- no
- Heating
- district heating
- A
- B
- C
- D
- EEvalid until 16.02.2030
- F
- G
- H
Compared with similar buildings: Haapsalu linn, built 1961–1971 (54 associations).
Finances by year
Loan principal repayment is an estimated €0.33 per m² of flat space a month, about €17 a month for a 50 m² flat (interest not included) — less than 73% of associations repaying a loan. The median is €0.52 in Estonia and €0.43 in Haapsalu linn. At the current pace the loan will be repaid around 2038.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €64,327 | €17,435 | €15,144 | €15,588 | €269 |
| 2024 | €70,593 | €12,066 | €10,146 | €28,675 | €1,612 |
| 2023 | €76,225 | €18,718 | €15,318 | €16,207 | €1,612 |
| 2022 | €80,777 | €14,366 | €10,760 | €14,332 | €1,612 |
| 2021 | €85,849 | €11,002 | €8,257 | €14,551 | €1,210 |
| 2020 | €91,548 | €11,598 | €3,969 | €35,978 | €0 |
| 2019 | €5,378 | €14,078 | €14,891 | €11,753 | €0 |
Compared with similar buildings (Haapsalu linn, built 1961–1971; 54 associations), long-term liabilities per m² of flat space are higher than 63% of them. The median for buildings with a loan is €63/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €2,364–€2,364 per m².
Estate agents in Haapsalu · Flat prices in Haapsalu
What is your flat worth?
An estimate for a flat at Niine tn 12 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Niine tn 10c1960 · 18 flats | €36,440 | €11,530 | 2025 |
| A | Niine tn 141965 · 48 flats | €151,942 | €19,708 | 2025 |
| C | Niine põik 21961 · 8 flats | €11,343 | €940 | 2025 |
| C | Niine tn 10b1964 · 8 flats | €69,974 | €3,599 | 2025 |
| B | Niine põik 11959 · 10 flats | €0 | €15,549 | 2025 |
| A | Posti tn 41a2007 · 30 flats | €0 | €8,394 | 2025 |
| E | Niine tn 10a1960 · 4 flats | €0 | €3,636 | 2025 |
| C | Posti tn 391962 · 11 flats | €0 | €12,958 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €64,327 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 €15,144.
When was the building built?
According to the building register, it was first used in 1966 and has 4 storeys.
Who is on the association's board?
According to the business register, the board members are Meemo Sasse, Pille Õlekõrs (board since 03.04.2019).
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.