Apartment association · Tallinn
Villardi tn 5b apartment association
Tallinn, Villardi tn 5b korteriühistu (registry code 80347976) manages a 3-storey wooden building built in 1911 with 4 flats. According to its 2024 annual report, the association's long-term liabilities were €20,827 (€68 per m² of flat space) and it held €361 in cash. In 2023 long-term liabilities rose from €0 to €22,866 — usually a sign of a renovation.
Board
- MNMarkus Niinemetsboard member4 years 4 months
- MKMärt Klugeboard member4 years 4 months
- 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
- Managementweak
- reports filed on time
Building
- Built
- 1911
- Storeys
- 3
- Construction
- wood
- Flats
- 4
- Heating
- stove
Building page: Villardi tn 5b →
Compared with similar buildings: Tallinn, built 1906–1916, wood (63 associations).
Finances by year
Loan principal repayment is an estimated €0.55 per m² of flat space a month, about €28 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.
| Year | Long-term liabilities | Short-term liabilities | Cash | Income | Labour costs |
|---|---|---|---|---|---|
| 2024 | €20,827 | €4,309 | €361 | €8,691 | €0 |
| 2023 | €22,866 | €13,755 | €11,005 | €12,867 | €0 |
| 2022 | €0 | €1,151 | €38 | €3,917 | €0 |
| 2021 | €0 | €1,858 | €295 | €3,513 | €0 |
| 2020 | €0 | €671 | €676 | €2,701 | — |
| 2019 | €0 | €2,353 | €1,568 | €5,072 | — |
Compared with similar buildings (Tallinn, built 1906–1916, wood; 63 associations), long-term liabilities per m² of flat space are higher than 87% of them. The median for buildings with a loan is €53/m².
Flats in this building
No flat in this building has been for sale or rent in the last 12 months.
What is your flat worth?
An estimate for a flat at Villardi tn 5b from similar homes — free and instant.
Value your flatApartment associations nearby
| Grade | Building | Long-term liabilities | Cash | Report |
|---|---|---|---|---|
| B | Villardi tn 279 flats | €0 | €1,983 | 2024 |
| C | Villardi tn 288 flats | €0 | €5,157 | 2025 |
| D | Tehnika tn 711920 · 12 flats | €0 | €17,350 | 2025 |
| A | Villardi tn 301940 · 4 flats | €14,376 | €3,899 | 2025 |
| A | Villardi tn 291955 · 19 flats | €0 | €4,555 | 2025 |
| D | Pilve tn 51936 · 10 flats | €0 | €12,906 | 2025 |
| C | Pilve tn 61929 · 11 flats | €0 | €24,735 | 2025 |
| A | Komeedi tn 16a2007 · 14 flats | €0 | €6,797 | 2025 |
Frequently asked questions
Does the association have a loan?
According to its 2024 report, the association has €20,827 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 €361.
When was the building built?
According to the building register, it was first used in 1911 and has 3 storeys.
Who is on the association's board?
According to the business register, the board members are Markus Niinemets, Märt Kluge (board since 07.06.2022).
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.