Apartment association · Rakvere linn
Seminari tn 1 apartment association
Rakvere linn, Seminari tn 1 korteriühistu (registry code 80170727) manages a 5-storey panel building built in 1972 with 55 flats. According to its 2025 annual report, the association's long-term liabilities were €181,853 (€69 per m² of flat space) and it held €47,717 in cash. Long-term liabilities have fallen 43% since 2019.
Board
- MMMargus Mändboard member3 months
- MSMati Sirelpuuboard member8 years 9 months
- MMMoonika Mägipõldboard member7 years 11 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
- 1972
- Storeys
- 5
- Construction
- panel
- Flats
- 55
- 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.
- „Korter asub renoveeritud 5-korruselise kivimaja 4-korrusel.“ · ad of 1 flat
- A
- B
- C
- D
- EE
- F
- G
- H
Building page: Seminari tn 1 →
Compared with similar buildings: Rakvere linn, built 1967–1977, panel (20 associations).
Finances by year
Loan principal repayment is an estimated €0.72 per m² of flat space a month, about €36 a month for a 50 m² flat (interest not included) — more than 70% of associations repaying a loan. The median is €0.52 in Estonia and €0.65 in Rakvere linn. At the current pace the loan will be repaid around 2033.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2025 | €181,853 | €30,367 | €47,717 | €22,631 | -€2,040 |
| 2024 | €204,685 | €28,851 | €47,894 | €22,911 | -€2,040 |
| 2023 | €230,828 | €29,587 | €37,530 | €22,857 | -€2,040 |
| 2022 | €253,423 | €27,973 | €30,014 | €22,393 | -€1,859 |
| 2021 | €275,259 | €26,964 | €19,686 | €16,883 | -€1,606 |
| 2020 | €296,336 | €24,642 | €11,618 | €11,433 | -€1,411 |
| 2019 | €316,681 | €24,038 | €10,016 | €12,144 | -€1,414 |
Compared with similar buildings (Rakvere linn, built 1967–1977, panel; 20 associations), long-term liabilities per m² of flat space are higher than 30% of them. The median for buildings with a loan is €119/m².
Flats in this building
Over the last 12 months 4 flats have been for sale in this building, asking €1,496–€1,969 per m². 4 flats were offered for rent at €250–€350 a month.
Estate agents in Rakvere · Flat prices in Rakvere
Estate agents who have offered flats in this building
- Elisa LepikKinnisvarabüroo Uus Maa OÜ1 flat
- Kaire NeemeArco Vara Kinnisvarabüroo OÜ1 flat
- Mari-Liis KapstasT.R.A.R OÜ1 flat
What is your flat worth?
An estimate for a flat at Seminari tn 1 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| C | Seminari tn 41973 · 60 flats | €290,144 | €36,280 | 2025 |
| C | Tuleviku tn 61985 · 30 flats | €180,740 | €31,750 | 2025 |
| – | Seminari tn 61955 · 2 flats | no reports | ||
| – | Rägavere tee 11948 · 3 flats | no reports | ||
| A | Lembitu tn 4Lembitu tn 21986 · 75 flats | €882,706 | €32,458 | 2025 |
| C | Tuleviku tn 71961 · 33 flats | €136,464 | €6,071 | 2025 |
| C | Tuleviku tn 51961 · 33 flats | €36,417 | €4,834 | 2025 |
| – | Rägavere tee 71948 · 4 flats | no reports | ||
Frequently asked questions
Does the association have a loan?
According to its 2025 report, the association has €181,853 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 €47,717.
When was the building built?
According to the building register, it was first used in 1972 and has 5 storeys.
Who is on the association's board?
According to the business register, the board members are Margus Mänd, Mati Sirelpuu, Moonika Mägipõld (board since 07.01.2018).
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.