Apartment association · Tartu linn
Riia tn 40 apartment association
Tartu linn, Riia tn 40 korteriühistu (registry code 80150015) manages a 2-storey log building built in 1977 with 6 flats. According to its 2025 annual report, the association's long-term liabilities were €44,519 (€128 per m² of flat space) and it held €13,304 in cash. In 2020 long-term liabilities rose from €0 to €71,235 — usually a sign of a renovation.
Board
- EVEnn Valgusboard member8 years 9 months
- EEErki Enkvistboard member8 years 9 monthsalso: Vapramäe tn 1
- House conditionaverage
- age, energy class and works done
- Loan affordabilityaverage
- loan vs the association's annual income
- Cash bufferaverage
- cash next to the loan, 3-year average
- Managementgood
- reports filed on time
Building
- Built
- 1977
- Storeys
- 2
- Construction
- log
- Flats
- 6
- Lift
- no
- Heating
- stove
Compared with similar buildings: Tartu linn, built 1972–1982, log (71 associations).
Finances by year
Loan principal repayment is an estimated €1.11 per m² of flat space a month, about €56 a month for a 50 m² flat (interest not included) — more than 90% 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 2035.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €44,519 | €25,084 | €13,304 | €4,357 | €0 |
| 2024 | €49,362 | €22,741 | €11,408 | €5,100 | €0 |
| 2023 | €54,059 | €21,281 | €11,751 | €3,211 | €0 |
| 2022 | €58,612 | €19,183 | €9,250 | €2,814 | €0 |
| 2021 | €63,033 | €16,246 | €6,213 | €2,649 | €0 |
| 2020 | €71,235 | €9,169 | €4,100 | €104,794 | €0 |
| 2019 | €0 | €25,893 | €25,880 | €2,892 | €0 |
Compared with similar buildings (Tartu linn, built 1972–1982, log; 71 associations), long-term liabilities per m² of flat space are higher than 76% of them. The median for buildings with a loan is €68/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?
An estimate for a flat at Riia tn 40 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| – | Riia tn 511958 · 4 flats | €0 | €1,104 | 2020 |
| – | Riia tn 361939 · 2 flats | no reports | ||
| B | Riia tn 53 // 53a1977 · 1 flats | €0 | €1,167 | 2025 |
| D | Riia tn 471953 · 6 flats | €0 | €7,360 | 2025 |
| D | Riia tn 481977 · 7 flats | €0 | €41,395 | 2025 |
| – | Riia tn 30 // 30a1926 · 10 flats | no reports | ||
| – | Riia tn 501920 · 2 flats | no reports | ||
| D | Raudtee tn 1 // 1a1928 · 9 flats | €0 | €22,018 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €44,519 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 €13,304.
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 Enn Valgus, Erki Enkvist (board since 06.01.2018).
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.