Apartment association · Vaida alevik, Rae vald
Vana-Vaida tee 8 apartment association
Rae vald, Vaida alevik, Vana-Vaida tee 8 korteriühistu (registry code 80383222) manages a 2-storey panel building built in 1976 with 22 flats. According to its 2024 annual report, the association's long-term liabilities were €37,240 (€71 per m² of flat space) and it held €172 in cash. Long-term liabilities have fallen 44% since 2019.
Board
The association is run by Improtek OÜ.
- IOImprotek OÜappointed manager10 months
- 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
- Managementaverage
- reports filed on time · professional manager
Building
- Built
- 1976
- Storeys
- 2
- Construction
- panel
- Flats
- 22
- Lift
- no
- Heating
- district heating
Works on the building
Source: sale ads for flats in this building. These are sellers' and brokers' claims that we have not verified, and they may be inaccurate or incomplete. The association's board can confirm the facts.
- Facade
- Roof
- Pipes
- Heating
- Ventilation
- Windows
- Wiring
- Stairwell
- Balconies
- Basement
- Entrance doors
- „Fassaad ja katus on renoveeritud“ · ad of 1 flat
Building page: Vana-Vaida tee 8 →
Compared with similar buildings: Rae vald, built 1971–1981 (27 associations).
Finances by year
Loan principal repayment is an estimated €0.92 per m² of flat space a month, about €46 a month for a 50 m² flat (interest not included) — more than 84% of associations repaying a loan. The median is €0.52 in Estonia and €0.45 in Rae vald. At the current pace the loan will be repaid around 2031.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2024 | €37,240 | €8,561 | €172 | €17,751 | €0 |
| 2023 | €42,940 | €8,882 | €689 | €17,857 | €0 |
| 2022 | €48,741 | €6,708 | €95 | €17,241 | €0 |
| 2021 | €54,941 | €7,458 | €469 | €17,224 | €0 |
| 2020 | €60,940 | €7,243 | €26 | €17,262 | €0 |
| 2019 | €66,941 | €6,593 | €98 | €16,619 | €0 |
Compared with similar buildings (Rae vald, built 1971–1981; 27 associations), long-term liabilities per m² of flat space are higher than 63% of them. The median for buildings with a loan is €71/m².
Flats in this building
Over the last 12 months 1 flat has been for sale in this building, asking €1,855–€1,855 per m². 2 flats were offered for rent at €275–€300 a month.
Estate agents who have offered flats in this building
- Marilin TuulCity Property OÜ1 flat
What is your flat worth?
An estimate for a flat at Vana-Vaida tee 8 from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| B | Väike tn 3Vaida alevik1969 · 12 flats | €39,682 | €1,244 | 2025 |
| C | Väike tn 5Vaida alevik1970 · 12 flats | €0 | €30,621 | 2025 |
| C | Rukkilille tn 3Vaida alevik1965 · 12 flats | €53,032 | €3,437 | 2025 |
| E | Veesilma tn 4Vaida alevik1965 · 8 flats | €18,522 | €17,844 | 2025 |
| B | Piibelehe tn 4Vaida alevik1970 · 18 flats | €48,096 | €8,728 | 2025 |
| E | Veesilma tn 2Vaida alevik1935 · 6 flats | €0 | €11,685 | 2024 |
| A | Piibelehe tn 6Vaida alevik1972 · 12 flats | €193,515 | €1,710 | 2025 |
| D | Rukkilille tn 5Vaida alevik1968 · 12 flats | €0 | €48,452 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2024 report, the association has €37,240 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 2024 the association held €172.
When was the building built?
According to the building register, it was first used in 1976 and has 2 storeys.
Who is on the association's board?
According to the business register, the association is run by Improtek OÜ.
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, 2019–2024). Building: building register. Flats on offer: Leiamaakler.ee data from the property portals.