Apartment association · Tartu linn
Raekoja plats 11 apartment association
Tartu linn, Raekoja plats 11 korteriühistu (registry code 80134631) manages a 4-storey brick building built in 1954 with 18 flats. According to its 2025 annual report, the association's long-term liabilities were €91,205 (€98 per m² of flat space) and it held €12,012 in cash. In 2021 long-term liabilities rose from €104,095 to €126,212 — usually a sign of a renovation.
Board
- AKAimar Kreevaldboard member8 years 4 months
- AKAivar Kriiskaboard member7 years 2 months
- SRSilver Rünkaruboard member7 years 2 monthsalso: Timuti tn 5
- 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
- Managementaverage
- reports filed on time
Building
- Built
- 1954
- Storeys
- 4
- Construction
- brick
- Flats
- 18
- 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
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Majas on uus kahetorusüsteemil küttelahendus.“ · ads of 3 flats
- A
- B
- C
- D
- EE
- F
- G
- H
Building page: Raekoja plats 11 →
Compared with similar buildings: Tartu linn, built 1949–1959, brick (30 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 77% of associations repaying a loan. The median is €0.52 in Estonia and €0.66 in Tartu linn. At the current pace the loan will be repaid around 2036.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €91,205 | €17,582 | €12,012 | €23,161 | €0 |
| 2024 | €101,507 | €13,823 | €4,285 | €20,511 | €0 |
| 2023 | €110,309 | €12,605 | €2,983 | €21,045 | €0 |
| 2022 | €117,153 | €17,369 | €9,254 | €23,115 | €0 |
| 2021 | €126,212 | €21,462 | €14,530 | €28,164 | €0 |
| 2020 | €104,095 | €18,139 | €29,524 | €14,562 | €0 |
| 2019 | €108,082 | €14,706 | €22,746 | €50,489 | €0 |
Compared with similar buildings (Tartu linn, built 1949–1959, brick; 30 associations), long-term liabilities per m² of flat space are higher than 87% of them. The median for buildings with a loan is €48/m².
Flats in this building
Over the last 12 months 4 flats have been for sale in this building, asking €4,536–€5,011 per m². 1 flat was offered for rent at €590 a month.
Estate agents in Kesklinn · Flat prices in Kesklinn
Estate agents who have offered flats in this building
- Marina MarininaKinnisvarabüroo Areal OÜ2 flats
- Anna Vikman-VähiKinnisvarabüroo Uus Maa OÜ1 flat
- Liina-Liis TammeKinnisvarabüroo Areal OÜ1 flat
What is your flat worth?
An estimate for a flat at Raekoja plats 11 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| A | Kitsas tn 52017 · 15 flats | €0 | €9,437 | 2025 |
| B | Tiigi tn 11963 · 16 flats | €0 | €26,238 | 2025 |
| C | Tiigi tn 51977 · 14 flats | €0 | €32,039 | 2025 |
| B | Vallikraavi tn 122006 · 29 flats | €0 | €20,081 | 2025 |
| C | Tiigi tn 31962 · 31 flats | €227,997 | €21,211 | 2025 |
| B | Vallikraavi tn 14 // 14a31 flats | €0 | €4,173 | 2025 |
| A | Tiigi tn 71962 · 32 flats | €193,098 | €2,723 | 2025 |
| C | Vanemuise tn 81951 · 22 flats | €0 | €50,219 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €91,205 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 €12,012.
When was the building built?
According to the building register, it was first used in 1954 and has 4 storeys.
Who is on the association's board?
According to the business register, the board members are Aimar Kreevald, Aivar Kriiska, Silver Rünkaru (board since 20.06.2018).
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.