Apartment association · Tõravere alevik, Nõo vald
Observatooriumi tn 5 apartment association
Nõo vald, Tõravere alevik, Observatooriumi tn 5 korteriühistu (registry code 80178077) manages a 7-storey panel building built in 1974 with 34 flats. According to its 2025 annual report, the association's long-term liabilities were €339,630 (€259 per m² of flat space) and it held €18,230 in cash. In 2022 long-term liabilities rose from €169,485 to €383,251 — usually a sign of a renovation.
Board
- AJAndres Juurboard member4 years 5 months
- KKKülli Kärnerboard member8 years 9 months
- 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
- Managementaverage
- reports filed on time
Building
- Built
- 1974
- Storeys
- 7
- Construction
- panel
- Flats
- 34
- Lift
- yes
- Heating
- district heating
- Renovated
- 2022
Works on the building
per the building register's energy certificate
per the building register
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Lift
- Stairwell
- Balconies
- Basement
- Entrance doors
- „KORTERMAJA: Eriprojektiga kortermaja on täielikult renoveeritud“ · ad of 1 flat
- „Täielikult uuendatud elektrisüsteem.“ · ad of 1 flat
- A
- BBvalid until 17.01.2035
- C
- D
- E
- F
- G
- H
Building page: Observatooriumi tn 5 →
Compared with similar buildings: Nõo vald (24 associations).
Finances by year
Loan principal repayment is an estimated €0.97 per m² of flat space a month, about €49 a month for a 50 m² flat (interest not included) — more than 86% of associations repaying a loan. The median is €0.52 in Estonia. At the current pace the loan will be repaid around 2048.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €339,630 | €36,626 | €18,230 | €43,044 | -€3,613 |
| 2024 | €356,553 | €36,349 | €20,940 | €37,165 | -€3,142 |
| 2023 | €371,768 | €32,251 | €17,820 | €70,363 | €3,110 |
| 2022 | €383,251 | €31,155 | €14,762 | €584,282 | €3,217 |
| 2021 | €169,485 | €123,359 | €15,029 | €83,406 | €3,366 |
| 2020 | €46,261 | €3,976 | €51,878 | €9,474 | €3,345 |
| 2019 | €37,774 | €3,704 | €40,116 | €23,617 | €2,938 |
Compared with similar buildings (Nõo vald; 24 associations), long-term liabilities per m² of flat space are higher than 92% of them. The median for buildings with a loan is €185/m².
Flats in this building
Over the last 12 months 3 flats have been for sale in this building, asking €1,817–€2,270 per m². 1 flat was offered for rent at €160 a month.
Estate agents who have offered flats in this building
- Kristin KursRE/MAX Aaba Kinnisvara1 flat
- Mik HansenHM Property OÜ1 flat
What is your flat worth?
An estimate for a flat at Observatooriumi tn 5 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Observatooriumi tn 5dTõravere alevik1974 | €0 | €3,107 | 2025 |
| D | Observatooriumi tn 7 // 9Tõravere alevik1981 · 16 flats | €0 | €15,400 | 2024 |
| C | Observatooriumi tn 11Tõravere alevik1981 · 16 flats | €0 | €10,590 | 2025 |
| C | Observatooriumi tn 13Tõravere alevik1981 · 7 flats | €0 | €49,038 | 2025 |
| C | Torni tn 3Tõravere alevik1960 · 7 flats | €0 | €3,879 | 2025 |
| – | Tiigi tn 2Tõravere alevik1904 · 6 flats | no reports | ||
| – | Observatooriumi tn 4Tõravere alevik2002 | €0 | — | 2024 |
| – | Observatooriumi tn 17Tõravere alevik2002 | €0 | — | 2024 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €339,630 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 €18,230.
When was the building built?
According to the building register, it was first used in 1974 and has 7 storeys.
Who is on the association's board?
According to the business register, the board members are Andres Juur, Külli Kärner (board since 06.01.2018).
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.