Apartment association · Tartu linn

Vaarika tn 1 apartment association

Tartu linn, Vaarika tn 1 korteriühistu (registry code 80082058) manages a 3-storey block building built in 1990 with 30 flats. According to its 2025 annual report, the association's long-term liabilities were €176,892 (€86 per m² of flat space) and it held €35,517 in cash. Long-term liabilities have fallen 26% since 2019.

Board

  • KVKris Varesboard member2 months
  • MLMai Lukmannboard member8 years 9 months
  • MKMeelis Kokkboard member8 years 9 months
  • STSulev Taggelboard member7 years 11 months
E
Association grade
E · weak
Tartu linn: ranked 1384 of 1,460 graded associations.
House conditionaverage
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
Managementaverage
reports filed on time

Building

Built
1990
Storeys
3
Construction
block
Flats
30
Lift
no
Heating
district heating
Energy class
  • A
  • B
  • C
  • D
  • EEvalid until 15.05.2023
  • F
  • G
  • H

Building page: Vaarika tn 1 →

Long-term liabilities
€176,892
as of 31.12.2025
Liabilities per m²
€86
similar buildings with a renovation loan €138
Cash
€35,517
€17/m² · similar €14/m²
Income per m² a month
€0.43
similar buildings €0.88

Compared with similar buildings: Tartu linn, built 1985–1995 (186 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
116 €/m²2019110 €/m²2020104 €/m²2021100 €/m²202297 €/m²202392 €/m²202486 €/m²2025
similar buildings with a renovation loan (median)

Loan principal repayment is an estimated €0.35 per m² of flat space a month, about €18 a month for a 50 m² flat (interest not included) — less than 71% of associations repaying a loan. The median is €0.52 in Estonia and €0.66 in Tartu linn. At the current pace the loan will be repaid around 2046.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€176,892€45,356€35,517€10,542€0
2024€189,980€36,775€29,241€9,792€0
2023€198,957€30,666€21,829€9,359€0
2022€206,613€26,162€16,161€12,215€0
2021€214,823€26,836€14,409€7,625€0
2020€226,806€21,103€9,321€7,515€0
2019€237,634€31,453€19,146€208,450€0

Compared with similar buildings (Tartu linn, built 1985–1995; 186 associations), long-term liabilities per m² of flat space are higher than 81% of them. The median for buildings with a loan is €55/m².

Flats in this building

1 flat was offered for rent at €490 a month.

Estate agents in Tammelinn · Flat prices in Tammelinn

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
BSavi tn 81995 · 30 flats€91,062€12,7502025
CSavi tn 61988 · 24 flats€0€18,4892025
–Vaarika tn 32004 · 4 flatsno reports
ASavi tn 6a2026 · 16 flats€0€3,1372025
ETamme põik 331977 · 8 flats€0€3,1232024
BKulli tn 42006 · 24 flats€0€18,4212024
ASavi tn 39 // 39a2014 · 20 flats€0€35,1722025
–Vaarika tn 181947 · 8 flats€0€9,2372022

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €176,892 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 €35,517.

When was the building built?

According to the building register, it was first used in 1990 and has 3 storeys.

Who is on the association's board?

According to the business register, the board members are Kris Vares, Mai Lukmann, Meelis Kokk, Sulev Taggel (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.