Apartment association · Maardu linn
Orumetsa tn 14 apartment association
Maardu linn, Orumetsa tn 14 korteriühistu (registry code 80448461) manages a 2-storey brick building built in 1956 with 8 flats. According to its 2025 annual report, the association's long-term liabilities were €118,331 (€299 per m² of flat space) and it held €3,755 in cash. In 2025 long-term liabilities rose from €14,005 to €118,331 — usually a sign of a renovation.
Board
- TVToivo Virritboard member8 years 1 month
- House conditiongood
- 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
- Managementaverage
- reports filed on time
Building
- Built
- 1956
- Storeys
- 2
- Construction
- brick
- Flats
- 8
- Lift
- no
- Heating
- district heating
Works on the building
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
- Stairwellplanned
- Balconies
- Basement
- Entrance doors
- „Maja on täielikult renoveeritud ja korrastatud“ · ad of 1 flat
- „trepikojad on järgmine samm“ · ad of 1 flat
Building page: Orumetsa tn 14 →
Compared with similar buildings: Maardu linn, built 1951–1961, brick (49 associations).
Finances by year
Loan principal repayment is an estimated €0.80 per m² of flat space a month, about €40 a month for a 50 m² flat (interest not included) — more than 78% of associations repaying a loan. The median is €0.52 in Estonia and €0.35 in Maardu linn. At the current pace the loan will be repaid around 2057.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €118,331 | €3,489 | €3,755 | €128,884 | €223 |
| 2024 | €14,005 | €23,782 | €19,397 | €4,590 | €1,265 |
| 2023 | €17,826 | €20,657 | €15,212 | €4,145 | €421 |
| 2022 | €22,027 | €15,623 | €11,198 | €3,864 | €0 |
| 2021 | €24,468 | €7,450 | €8,288 | €6,619 | €0 |
| 2020 | €29,998 | €4,313 | €33,762 | €17,668 | €0 |
| 2019 | €9,984 | €1,947 | €13,060 | €3,200 | €0 |
Compared with similar buildings (Maardu linn, built 1951–1961, brick; 49 associations), long-term liabilities per m² of flat space are higher than 96% of them. The median for buildings with a loan is €54/m².
Flats in this building
Over the last 12 months 2 flats have been for sale in this building, asking €1,543–€1,923 per m².
Estate agents in Maardu · Flat prices in Maardu
Estate agents who have offered flats in this building
- Dmitri VeskiKinnisvarabüroo Uus Maa OÜ1 flat
- Laura VassilevskajaElupind Kinnisvara OÜ1 flat
What is your flat worth?
An estimate for a flat at Orumetsa tn 14 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Orumetsa tn 121956 · 8 flats | €0 | €6,171 | 2025 |
| E | Orumetsa tn 91957 · 12 flats | €0 | €22,983 | 2024 |
| – | Orumetsa tn 101956 · 8 flats | no reports | ||
| C | Kallasmaa tn 141957 · 11 flats | €0 | €11,481 | 2025 |
| C | Orumetsa tn 71956 · 8 flats | €9,853 | €9,719 | 2025 |
| C | Kallasmaa tn 181961 · 24 flats | €0 | €8,160 | 2025 |
| A | Orumetsa tn 61960 · 8 flats | €49,187 | €23,278 | 2025 |
| C | Kallasmaa tn 71963 · 48 flats | €0 | €41,402 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €118,331 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 €3,755.
When was the building built?
According to the building register, it was first used in 1956 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Toivo Virrit (board since 04.09.2018).
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.