Apartment association · Rakvere linn

Nortsu tee 4a apartment association

Rakvere linn, Nortsu tee 4a korteriühistu (registry code 80490722) manages a 4-storey panel building built in 1984 with 46 flats. According to its 2025 annual report, the association's long-term liabilities were €20,148 (€9 per m² of flat space) and it held €17,283 in cash. In 2025 long-term liabilities rose from €0 to €20,148 — usually a sign of a renovation.

Board

A
Association grade
A · very good
Rakvere linn: ranked 7 of 202 graded associations.
House conditiongood
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
1984
Storeys
4
Construction
panel
Flats
46
Lift
no
Heating
stove
Energy class
  • A
  • BBvalid until 14.06.2025
  • C
  • D
  • E
  • F
  • G
  • H

Building page: Nortsu tee 4a →

Long-term liabilities
€20,148
as of 31.12.2025
Liabilities per m²
€9
similar buildings with a loan €135
Cash
€17,283
€7/m² · similar €12/m²
Income per m² a month
€0.71
similar buildings €0.69

Compared with similar buildings: Rakvere linn, built 1979–1989, panel (28 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
0 €/m²20190 €/m²20200 €/m²20210 €/m²20220 €/m²20230 €/m²20249 €/m²new loan2025
YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€20,148€29,743€17,283€19,759€6,435
2024€0€30,305€984€7,468€5,848
2023€0€27,222€2,339€9,216€6,154
2022€0€23,379€6,779€8,323€5,030
2021€0€20,105€8,620€6,323€4,565
2020€0€15,222€6,594€6,662€4,291
2019€0€10,333€5,210€7,030€3,322

Compared with similar buildings (Rakvere linn, built 1979–1989, panel; 28 associations), long-term liabilities per m² of flat space are higher than 11% of them. The median for buildings with a loan is €135/m².

Flats in this building

4 flats were offered for rent at €200–€470 a month.

Estate agents in Rakvere · Flat prices in Rakvere

Estate agents who have offered flats in this building

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An estimate for a flat at Nortsu tee 4a from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
–Raudtee tn 41948 · 2 flatsno reports
DLennuki tn 81966 · 48 flats€387,492€14,7342025
–Raudtee tn 81897 · 5 flatsno reports
–Raudtee tn 21948 · 2 flatsno reports
–Raudtee tn 121961 · 2 flatsno reports
BLennuki tn 61986 · 48 flats€567,744€02025
AJaama pst 201935 · 16 flats€297,639€1,4882025
CJaama pst 181935 · 16 flats€0€29,2682025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €20,148 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 €17,283.

When was the building built?

According to the building register, it was first used in 1984 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Juhan Sampka, Veiko Vassiljev (board since 06.04.2018).

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.