Apartment association · Tallinn
Pallasti tn 47 apartment association
Tallinn, Pallasti tn 47 korteriühistu (registry code 80013181) manages a 5-storey brick building built in 1987 with 29 flats. According to its 2025 annual report, the association's long-term liabilities were €5,587 (€4 per m² of flat space) and it held €9,199 in cash. Long-term liabilities have fallen 65% since 2019.
Board
- EOElver Odarboard member8 years 9 months
- JMJaan Mettikboard member6 years 1 month
- JBJelena Babuškinaboard member1 year 9 monthsalso: Asunduse tn 6
- 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
- Managementgood
- reports filed on time
Building
- Built
- 1987
- Storeys
- 5
- Construction
- brick
- Flats
- 29
- Lift
- no
- Heating
- district heating
Building page: Pallasti tn 47 →
Compared with similar buildings: Tallinn, built 1982–1992, brick (156 associations).
Finances by year
Loan principal repayment is an estimated €1.19 per m² of flat space a month, about €60 a month for a 50 m² flat (interest not included) — more than 91% of associations repaying a loan. The median is €0.52 in Estonia and €0.51 in Tallinn. At the current pace the loan will be repaid around 2026.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €5,587 | €6,786 | €9,199 | €42,112 | €17,741 |
| 2024 | €13,122 | €6,533 | €16,875 | €21,848 | €17,313 |
| 2023 | €1,379 | €6,917 | €3,883 | €50,476 | €10,800 |
| 2022 | €32,089 | €6,154 | €33,692 | €14,223 | €10,498 |
| 2021 | €27,533 | €6,275 | €29,781 | €11,981 | €10,510 |
| 2020 | €20,739 | €3,728 | €23,048 | €12,881 | €10,409 |
| 2019 | €15,843 | €4,017 | €18,786 | €21,196 | €9,883 |
Compared with similar buildings (Tallinn, built 1982–1992, brick; 156 associations), long-term liabilities per m² of flat space are higher than 57% of them. The median for buildings with a loan is €36/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €3,306–€3,306 per m². 1 flat was offered for rent at €500 a month.
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Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| A | Lasnamäe tn 421952 · 48 flats | €9,023 | €28,883 | 2025 |
| C | Pallasti tn 451987 · 29 flats | €0 | €46,419 | 2025 |
| A | Lasnamäe tn 401987 · 48 flats | €0 | €18,207 | 2025 |
| D | Pallasti tn 431982 · 29 flats | €0 | €35,982 | 2025 |
| A | Pallasti tn 422012 · 12 flats | €0 | €5,898 | 2025 |
| C | Lasnamäe tn 381987 · 48 flats | €0 | €40,132 | 2025 |
| B | Pallasti tn 401987 · 30 flats | €0 | €30,352 | 2025 |
| D | Lasnamäe tn 361987 · 48 flats | €0 | €0 | 2024 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €5,587 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 €9,199.
When was the building built?
According to the building register, it was first used in 1987 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Elver Odar, Jaan Mettik, Jelena Babuškina (board since 29.12.2017).
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.