Apartment association · Tallinn

Sitsi tn 16 apartment association

Tallinn, Sitsi tn 16 korteriühistu (registry code 80319715) manages a 3-storey panel building built in 1930 with 9 flats. According to its 2025 annual report, the association's long-term liabilities were €44,551 (€60 per m² of flat space) and it held €59,404 in cash.

Board

  • ISIndrek Sinisaarboard member8 years 9 monthsalso: Raba tn 19, Salme tn 49
  • SPSander Paesaluboard memberunder a month
B
Association grade
B · good
Tallinn: ranked 1210 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
1930
Storeys
3
Construction
panel
Flats
9
Heating
stove
Long-term liabilities
€44,551
as of 31.12.2025
Liabilities per m²
€60
similar buildings with a renovation loan €116
Cash
€59,404
€80/m² · similar €18/m²
Income per m² a month
€3.77
similar buildings €1.41

Compared with similar buildings: Tallinn, built 1925–1935 (198 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
29 €/m²201930 €/m²202036 €/m²202130 €/m²202239 €/m²202360 €/m²202460 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.52 per m² of flat space a month, about €26 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. At the current pace the loan will be repaid around 2035.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€44,551€17,796€59,404€33,408€5,138
2024€44,028€4,955€47,248€12,353€4,368
2023€28,531€5,033€30,806€9,493€4,144
2022€22,190€4,155€24,609€18,688€4,168
2021€26,793€4,348€28,310€8,568€4,179
2020€22,070€3,837€22,249€11,294€3,147
2019€21,725€2,440€22,345€7,962€2,342

Compared with similar buildings (Tallinn, built 1925–1935; 198 associations), long-term liabilities per m² of flat space are higher than 83% of them. The median for buildings with a loan is €49/m².

Flats in this building

1 flat was offered for rent at €400 a month.

Estate agents in Sitsi · Flat prices in Sitsi

Estate agents who have offered flats in this building

  • Mart OksaMart Oksa Kinnisvaralahendused1 flat

What is your flat worth?

An estimate for a flat at Sitsi tn 16 from similar homes — free and instant.

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CSitsi tn 111905 · 19 flats€16,739€16,3832025
ASitsi tn 241974 · 60 flats€0€33,1442025
BSitsi tn 131923 · 8 flats€1,734€9,7382024
–Niidi tn 251930 · 4 flats€0€1,5912020
BSitsi tn 281972 · 60 flats€88,305€17,9562025
ASitsi tn 151961 · 10 flats€23,573€9,3092025
–Niidi tn 32a1938 · 5 flatsno reports
–Manufaktuuri tn 1249 flatsno reports

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €44,551 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 €59,404.

When was the building built?

According to the building register, it was first used in 1930 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Indrek Sinisaar, Sander Paesalu (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.