Apartment association · Tartu linn

Vanemuise tn 26 apartment association

Tartu linn, Vanemuise tn 26 korteriühistu (registry code 80155633) manages a 4-storey reinforced-concrete building built in 1955 with 14 flats. According to its 2025 annual report, the association's long-term liabilities were €4,079 (€3 per m² of flat space) and it held €4,669 in cash. Long-term liabilities have fallen 77% since 2019.

Board

  • ANAimar Nagelboard member8 years 9 months
  • JMJaan Malinboard member1 year 11 months
  • MKMargus Kitsboard member8 years 9 months
D
Association grade
D · below average
Tartu linn: ranked 1313 of 1,460 graded associations.
House conditionweak
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
1955
Storeys
4
Construction
reinforced concrete
Flats
14
Lift
no
Heating
district heating
Long-term liabilities
€4,079
as of 31.12.2025
Liabilities per m²
€3
similar buildings with a loan €70
Cash
€4,669
€4/m² · similar €16/m²
Income per m² a month
€1.17
similar buildings €1.31

Compared with similar buildings: Tartu linn, built 1950–1960 (55 associations).

Finances by year

Long-term liabilities per m² of flat space at year end
15 €/m²201913 €/m²202011 €/m²20219 €/m²20228 €/m²20236 €/m²20243 €/m²2025
similar buildings with a smaller loan (median)

Loan principal repayment is an estimated €0.16 per m² of flat space a month, about €8 a month for a 50 m² flat (interest not included) — less than 90% 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 2027.

YearLong-term liabilitiesShort-term liabilitiesCashIncomeLabour costs
2025€4,079€8,498€4,669€16,647€0
2024€6,651€8,758€4,578€67,246€0
2023€8,997€6,567€3,018€11,918€0
2022€11,023€9,148€6,276€12,073€0
2021€13,169€11,107€7,866€8,160€393
2020€15,343€9,542€5,962€8,608€781
2019€17,430€8,277€4,843€7,703€754

Compared with similar buildings (Tartu linn, built 1950–1960; 55 associations), long-term liabilities per m² of flat space are higher than 47% of them. The median for buildings with a loan is €70/m².

Flats in this building

Over the last 12 months 1 flat has been for sale in this building, asking €3,601–€3,601 per m².

Estate agents in Kesklinn · Flat prices in Kesklinn

Estate agents who have offered flats in this building

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Apartment associations nearby

GradeBuildingLong-term liabilitiesCashReport
–Võru tn 151977 · 2 flatsno reports
DFilosoofi tn 2 // 41977 · 8 flats€0€3,6262025
DKoidu tn 20 // 221977 · 6 flats€0€13,5222025
BVõru tn 54 // 561995 · 7 flats€0€4712025
–Võru tn 231977 · 6 flats€0€5,1002023
BFilosoofi tn 51995 · 6 flats€0€19,9922024
–Lootuse tn 171905 · 6 flatsno reports
CKesk tn 1a1995 · 10 flats€0€5,4932024

Frequently asked questions

Does the association have a loan?

According to its 2025 report, the association has €4,079 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 €4,669.

When was the building built?

According to the building register, it was first used in 1955 and has 4 storeys.

Who is on the association's board?

According to the business register, the board members are Aimar Nagel, Jaan Malin, Margus Kits (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.