Apartment association · Tallinn

Tartu mnt 39 apartment association

Tallinn, Tartu mnt 39 korteriühistu (registry code 80160574) manages a 4-storey wooden building built in 1940 with 13 flats. According to its 2025 annual report, the association's long-term liabilities were €79,349 (€73 per m² of flat space) and it held €18,174 in cash. In 2020 long-term liabilities rose from €20,219 to €117,503 — usually a sign of a renovation.

Board

  • ALAndres Lindemannboard member7 years 5 months
  • AEAnts Egelboard member3 years 8 months
  • DVDonald Visnapuuboard member8 years 9 months
  • KRKoit Randmäeboard member6 months
B
Association grade
B · good
Tallinn: ranked 1352 of 4,374 graded associations.
House conditionaverage
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
Managementaverage
reports filed on time

Building

Built
1940
Storeys
4
Construction
wood
Flats
13
Lift
no
Heating
district heating
Energy class
  • A
  • B
  • C
  • D
  • EE
  • F
  • G
  • H

Building page: Tartu mnt 39 →

Long-term liabilities
€79,349
as of 31.12.2025
Liabilities per m²
€73
similar buildings with a renovation loan €85
Cash
€18,174
€17/m² · similar €28/m²
Income per m² a month
€4.53
similar buildings €1.47

Compared with similar buildings: Tallinn, built 1935–1945, wood (198 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
19 €/m²2019108 €/m²new loan2020101 €/m²202194 €/m²202288 €/m²202381 €/m²202473 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.59 per m² of flat space a month, about €30 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 2036.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€79,349€25,396€18,174€58,903€0
2024€87,431€33,261€23,925€60,922€0
2023€94,935€15,251€5,355€56,132€0
2022€101,349€16,619€5,000€58,901€0
2021€109,261€13,345€1,311€44,992€0
2020€117,503€11,793€3,783€48,458€0
2019€20,219€4,294€3,154€49,685€0

Compared with similar buildings (Tallinn, built 1935–1945, wood; 198 associations), long-term liabilities per m² of flat space are higher than 85% of them. The median for buildings with a loan is €55/m².

Flats in this building

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

Estate agents in Torupilli · Flat prices in Torupilli

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
CLiivamäe tn 8 // Mardi tn 7Lastekodu tn 101983 · 104 flats€0€14,6062025
–Mardi tn 31935 · 8 flatsno reports
–Tartu mnt 442026 · 33 flatsno reports
BMardi tn 92016 · 46 flats€0€20,2832024
AMardi tn 6Mardi tn 42015 · 32 flats€75,922€100,6682024
CTartu mnt 502012 · 7 flats€0€02025
ALiivamäe tn 6 // Mardi tn 81994 · 71 flats€0€18,5122025
ALastekodu tn 181964 · 64 flats€953,274€34,9742025

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €79,349 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 €18,174.

When was the building built?

According to the building register, it was first used in 1940 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Andres Lindemann, Ants Egel, Donald Visnapuu, Koit Randmäe (board since 30.12.2017).

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.