Apartment association · Rakvere linn

Seminari tn 11 apartment association

Rakvere linn, Seminari tn 11 korteriühistu (registry code 80069922) manages a 5-storey panel building built in 1983 with 15 flats. According to its 2025 annual report, the association's long-term liabilities were €130,358 (€130 per m² of flat space) and it held €12,628 in cash. Long-term liabilities have fallen 31% since 2019.

Board

D
Association grade
D · below average
Rakvere linn: ranked 140 of 202 graded associations.
House conditiongood
age, energy class and works done
Loan affordabilityweak
loan vs the association's annual income
Cash buffergood
cash next to the loan, 3-year average
Managementgood
reports filed on time

Building

Built
1983
Storeys
5
Construction
panel
Flats
15
Lift
no
Heating
district heating
Energy class
  • A
  • B
  • CCvalid until 17.04.2029
  • D
  • E
  • F
  • G
  • H

Building page: Seminari tn 11 →

Long-term liabilities
€130,358
as of 31.12.2025
Liabilities per m²
€130
similar buildings with a renovation loan €143
Cash
€12,628
€13/m² · similar €13/m²
Income per m² a month
€0.66
similar buildings €0.65

Compared with similar buildings: Rakvere linn, built 1978–1988, panel (25 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
188 €/m²2019178 €/m²2020168 €/m²2021159 €/m²2022151 €/m²2023141 €/m²2024130 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.76 per m² of flat space a month, about €38 a month for a 50 m² flat (interest not included) — more than 75% 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 2040.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€130,358€25,034€12,628€7,912€1,980
2024€141,002€14,939€14,963€7,928€1,980
2023€150,843€14,029€12,859€7,912€1,980
2022€158,999€13,913€11,573€7,912€2,015
2021€167,451€15,881€9,791€7,912€1,980
2020€177,652€14,128€6,875€7,912€2,015
2019€187,598€13,686€4,892€7,912€1,980

Compared with similar buildings (Rakvere linn, built 1978–1988, panel; 25 associations), long-term liabilities per m² of flat space are higher than 48% of them. The median for buildings with a loan is €133/m².

Flats in this building

No flat in this building has been for sale or rent in the last 12 months.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
DSide tn 61984 · 37 flats€278,432€18,8282025
EKungla tn 61980 · 60 flats€318,603€17,2932025
DKungla tn 91984 · 60 flats€456,587€48,2782025
AKungla tn 71977 · 60 flats€413,919€23,0532025
EKungla tn 111985 · 60 flats€486,152€48,7882025
–Seminari tn 281948 · 2 flatsno reports
ERägavere tee 241948 · 8 flats€0€7,2522024
ESeminari tn 231985 · 15 flats€102,867€7,4092025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €130,358 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 €12,628.

When was the building built?

According to the building register, it was first used in 1983 and has 5 storeys.

Who is on the association's board?

According to the business register, the board members are Kalmer Pere, Rita Vasina, Ruve Kokk (board since 26.11.2018).

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.