Apartment association · Tallinn

Sitsi tn 1 apartment association

Tallinn, Sitsi tn 1 korteriühistu (registry code 80177014) manages a 3-storey brick building built in 1913 with 24 flats. According to its 2025 annual report, the association's long-term liabilities were €276,034 (€396 per m² of flat space) and it held €9,884 in cash. In 2023 long-term liabilities rose from €0 to €283,619 — usually a sign of a renovation.

Board

  • EHErik Hirmoboard member8 years 9 months
  • JSJelena Sõrmusboard member8 years 9 months
  • NLNatalie Li Lindboard member5 months
B
Association grade
B · good
Tallinn: ranked 1699 of 4,374 graded associations.
House conditionaverage
age, energy class and works done
Loan affordabilitygood
loan vs the association's annual income
Cash bufferaverage
cash next to the loan, 3-year average
Managementgood
reports filed on time

Building

Built
1913
Storeys
3
Construction
brick
Flats
24
Lift
no
Heating
stove

Building page: Sitsi tn 1 →

Long-term liabilities
€276,034
as of 31.12.2025
Liabilities per m²
€396
similar buildings with a renovation loan €99
Cash
€9,884
€14/m² · similar €23/m²
Income per m² a month
€6.83
similar buildings €1.52

Compared with similar buildings: Tallinn, built 1908–1918 (115 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
5 €/m²20190 €/m²20200 €/m²20210 €/m²2022407 €/m²new loan2023402 €/m²2024396 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.45 per m² of flat space a month, about €23 a month for a 50 m² flat (interest not included) — about average for associations repaying a loan. The median is €0.52 in Estonia and €0.51 in Tallinn.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€276,034€21,189€9,884€57,116€3,498
2024€280,447€19,798€15,057€58,665€4,164
2023€283,619€43,960€38,834€153,470€3,730
2022€0€16,403€14,826€17,919€3,049
2021€0€15,037€13,519€12,284€3,123
2020€0€6,804€5,037€17,510€3,123
2019€3,616€5,201€3,350€18,698€2,827

Compared with similar buildings (Tallinn, built 1908–1918; 115 associations), long-term liabilities per m² of flat space are higher than 97% of them. The median for buildings with a loan is €56/m².

Flats in this building

1 flat was offered for rent at €480 a month.

Estate agents in Sitsi · Flat prices in Sitsi

Estate agents who have offered flats in this building

What is your flat worth?

An estimate for a flat at Sitsi tn 1 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CSitsi tn 31900 · 20 flats€0€13,9282025
DSitsi tn 3b1900 · 5 flats€0€3,2432025
–Puuvilla tn 42024 · 6 flats€0€9992022
BSitsi tn 51900 · 29 flats€154,002€15,5222025
BSitsi tn 141991 · 45 flats€106,519€14,0982025
CPuuvilla tn 12021 · 6 flats€0€4,8132025
CSitsi tn 5a1905 · 8 flats€16,376€16,6742025
BSitsi tn 161930 · 9 flats€44,551€59,4042025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €276,034 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 €9,884.

When was the building built?

According to the building register, it was first used in 1913 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Erik Hirmo, Jelena Sõrmus, Natalie Li Lind (board since 31.12.2017).

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.