Apartment association · Sõmeru alevik, Rakvere vald
Puiestee tn 16 apartment association
Rakvere vald, Sõmeru alevik, Puiestee tn 16 korteriühistu (registry code 80128607) manages a 3-storey panel building built in 1979 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €72,478 (€56 per m² of flat space) and it held €6,768 in cash. Long-term liabilities have fallen 42% since 2019.
Board
- AKAare Kangurboard member8 years 4 monthsalso: Koidu tn 87
- AAAire Aunapuuboard member8 years 4 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
- Managementgood
- reports filed on time
Building
- Built
- 1979
- Storeys
- 3
- Construction
- panel
- Flats
- 24
- Heating
- district heating
- A
- B
- CCvalid until 12.04.2028
- D
- E
- F
- G
- H
Building page: Puiestee tn 16 →
Compared with similar buildings: Rakvere vald, built 1974–1984 (32 associations).
Finances by year
Loan principal repayment is an estimated €0.58 per m² of flat space a month, about €29 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.55 in Rakvere vald. At the current pace the loan will be repaid around 2034.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €72,478 | €19,077 | €6,768 | €37,658 | €0 |
| 2024 | €81,998 | €29,269 | €18,157 | €31,871 | -€52 |
| 2023 | €91,061 | €17,943 | €8,240 | €48,801 | -€52 |
| 2022 | €99,245 | €33,146 | €23,022 | €24,262 | -€52 |
| 2021 | €108,120 | €24,993 | €14,361 | €24,166 | -€52 |
| 2020 | €116,696 | €20,088 | €11,125 | €22,323 | -€52 |
| 2019 | €124,984 | €19,223 | €10,626 | €20,112 | -€50 |
Compared with similar buildings (Rakvere vald, built 1974–1984; 32 associations), long-term liabilities per m² of flat space are higher than 66% of them. The median for buildings with a loan is €62/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €996–€996 per m².
What is your flat worth?
An estimate for a flat at Puiestee tn 16 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| A | Puiestee tn 14aSõmeru alevik, Puiestee tn 14, Sõmeru alevik1980 · 23 flats | €125,601 | €4,619 | 2025 |
| B | Puiestee tn 13Sõmeru alevik1978 · 18 flats | €214,729 | €8,449 | 2025 |
| E | Puiestee tn 15Sõmeru alevik1986 · 18 flats | €150,269 | €20,420 | 2025 |
| B | Puiestee tn 11Sõmeru alevik1976 · 13 flats | €330,724 | €11,948 | 2025 |
| – | Mäe tn 6Sõmeru alevik | no reports | ||
| E | Puiestee tn 10Sõmeru alevik1973 · 27 flats | €177,572 | €20,533 | 2025 |
| E | Mäe tn 4Sõmeru alevik27 flats | €292,738 | €30,909 | 2025 |
| C | Puiestee tn 9Sõmeru alevik12 flats | €0 | €57,007 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €72,478 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 €6,768.
When was the building built?
According to the building register, it was first used in 1979 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Aare Kangur, Aire Aunapuu (board since 25.05.2018).
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.