Apartment association · Elva linn, Elva vald

Nooruse tn 6 apartment association

Elva vald, Elva linn, Nooruse tn 6 korteriühistu (registry code 80463323) manages a 5-storey brick building built in 1991 with 15 flats. According to its 2025 annual report, the association's long-term liabilities were €283,567 (€281 per m² of flat space) and it held €24,831 in cash. In 2025 long-term liabilities rose from €0 to €283,567 — usually a sign of a renovation.

Board

  • AMAnnika Matsonboard member1 year 6 months
  • ITIndrek Toomesteboard member1 year 6 monthsalso: Eha tn 14
  • MMMadis Mihkraboard member1 year 6 months
B
Association grade
B · good
Elva vald: ranked 20 of 125 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash next to the loan, 3-year average
Managementgood
reports filed on time

Building

Built
1991
Storeys
5
Construction
brick
Flats
15
Lift
no
Heating
district heating
Renovated
yes

Works on the building

Energy class has improved: F (2016) → B (2024)

per the building register

Energy class
  • A
  • B
  • C
  • D
  • E
  • FFvalid until 01.05.2026
  • G
  • H

Building page: Nooruse tn 6 →

Long-term liabilities
€283,567
as of 31.12.2025
Liabilities per m²
€281
similar buildings with a renovation loan €77
Cash
€24,831
€25/m² · similar €19/m²
Income per m² a month
€60.09
similar buildings €0.66

Compared with similar buildings: Elva vald (125 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²2024281 €/m²new loan2025
similar buildings with a renovation loan (median)
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€283,567€34,651€24,831€727,819€0
2024€0€58,297€57,216€6,984€0
2023€0€11,095€9,275€7,727€0
2022€0€8,507€6,287€18,785€0
2021€0€13,322€11,482€5,430€0
2020€0€10,068€9,150€5,678€0
2019€0€7,001€6,625€6,016€0

Compared with similar buildings (Elva vald; 125 associations), long-term liabilities per m² of flat space are higher than 94% of them. The median for buildings with a loan is €71/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 Nooruse tn 6 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
BNooruse tn 7Elva linn1985 · 30 flats€646,083€6,7332025
CNooruse tn 3Elva linn1985 · 15 flats€0€8,1392025
CNooruse tn 1Elva linn1992 · 16 flats€0€35,1042025
DJaani tn 10Elva linn1948 · 7 flats€0€30,2042025
CJaani tn 7Elva linn1985 · 34 flats€116,459€11,4892025
–Jaani tn 12aElva linn8 flatsno reports
–Jaani tn 1Elva linn1948 · 4 flatsno reports
CPõik tn 3Elva linn1935 · 6 flats€0€10,5522025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €283,567 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 €24,831.

When was the building built?

According to the building register, it was first used in 1991 and has 5 storeys.

Who is on the association's board?

According to the business register, the board members are Annika Matson, Indrek Toomeste, Madis Mihkra (board since 03.04.2025).

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.