Apartment association · Erra alevik, Lüganuse vald
Puiestee tn 4 apartment association
Lüganuse vald, Erra alevik, Puiestee tn 4 korteriühistu (registry code 80258089) manages a 2-storey brick building built in 1977 with 12 flats. According to its 2025 annual report, the association's long-term liabilities were €11,377 (€16 per m² of flat space) and it held €5,341 in cash.
Board
- KKKarmen Kõrtsboard member4 years
- House conditionweak
- 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
- 1977
- Storeys
- 2
- Construction
- brick
- Flats
- 12
- Lift
- no
- Heating
- district heating
Building page: Puiestee tn 4 →
Compared with similar buildings: Lüganuse vald, built 1972–1982 (31 associations).
Finances by year
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €11,377 | €109 | €5,341 | €4,639 | — |
| 2024 | €11,377 | €173 | €4,499 | €4,910 | — |
| 2023 | €11,377 | €129 | €5,515 | €4,723 | — |
| 2022 | €11,377 | €353 | €6,610 | €4,723 | €0 |
| 2021 | €11,377 | €531 | €5,362 | €3,789 | €0 |
| 2020 | €12,190 | €2,018 | €2,938 | €2,699 | €0 |
| 2019 | €11,043 | €1,997 | €2,739 | €2,667 | €0 |
Compared with similar buildings (Lüganuse vald, built 1972–1982; 31 associations), long-term liabilities per m² of flat space are higher than 84% of them. The median for buildings with a loan is €19/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
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Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Puiestee tn 3Erra alevik1968 · 8 flats | no reports | ||
| C | Jõe tn 1Erra alevik1981 · 12 flats | €0 | €5,045 | 2025 |
| B | Puiestee tn 5Erra alevik1966 · 8 flats | €0 | €2,193 | 2025 |
| E | Jõe tn 2Erra alevik1984 · 24 flats | €34,432 | €29,635 | 2025 |
| D | Puiestee tn 1Erra alevik1980 · 8 flats | €7,241 | €8,986 | 2025 |
| – | Puiestee tn 7Erra alevik1964 · 8 flats | no reports | ||
| – | Puiestee tn 9Erra alevik1960 · 4 flats | no reports | ||
| – | Puiestee tn 10Erra alevik1980 · 4 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €11,377 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 €5,341.
When was the building built?
According to the building register, it was first used in 1977 and has 2 storeys.
Who is on the association's board?
According to the business register, the board members are Karmen Kõrts (board since 17.10.2022).
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.