Harku vald, Harku alevik, Instituudi tee 16 korteriühistu
Association of 24 flats. Loan is being paid down.
Harku alevik, Instituudi tee 16 korteriühistu is a 24-flat apartment association in Harku alevik, Harku. Per its 2025 annual report, a typical flat paid the association €213 a month; total costs including utilities were €4.88/m² a month (highest quarter locally, Harku vald).
The repair fund held €7 641 at year end (€8/m², ≈ €318 per flat); in 2022 it was €6 475 — within the usual local range. The association has a loan of €130 311 (≈ €5 430 per flat), last repayment 2037. Member fees rose 16% in 2022–2025 (€23 153 → €26 809 a year).
There are 14 associations with reports on the same street and within 500 m; their median is €4.21/m² a month in costs and €15/m² of repair fund. Source: the association's annual reports (e-Business Register), floor area from the Building Register.
Building: Instituudi tee 16, Harku. Data: the association's annual reports 2022–2025 (e-Business Register), the latest for 2025.
All figures: the association's 2025 annual report; €/m² = per m² of flats (1 017 m², Building Register); "a month" = yearly amount ÷ 12.
What an owner pays the association each month in total, usually including heating, water and electricity.
The association's own charges without utilities: upkeep, management, repair fund, loan.
Money saved for future repairs. A bigger balance means less risk of a sudden extra charge.
The association's joint loan (usually for renovation). Repayments are part of the monthly fees.
✓ Strengths
- Loan is being paid down€152 895 → €130 311 (2022–2025)
Location and neighbouring associations
Associations on the same street and within 500 m, each by its latest report. The large dot on the map is this association. All associations and rankings in the area →
Compared with 14 neighbouring associations (median): total costs €4.21 (here €4.88) · fees €1.15 (here €2.20) · repair fund €15/m² (here €8)
On the same street: Instituudi tee
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Instituudi tee 16 (this one) | – | 24 | €4.88 | €2.20 | €8 | €130 311 | 2025 |
| Instituudi tee 2 | 390 m | 6 | – | €0.81 | €19 | no | 2025 |
| Instituudi tee 3 | 230 m | 29 | €4.31 | €0.89 | €15 | no | 2025 |
| Instituudi tee 7 | 90 m | 17 | €3.26 | €0.92 | €5 | no | 2025 |
| Instituudi tee 9 | 90 m | 17 | €2.97 | €0.96 | €14 | no | 2025 |
| Instituudi tee 18 | 60 m | 24 | €4.36 | €1.42 | – | €69 420 | 2025 |
| Neighbours' median | €3.78 | €0.92 | €14 |
Nearby (within 500 m)
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Instituudi tee 16 (this one) | – | 24 | €4.88 | €2.20 | €8 | €130 311 | 2025 |
| Klubi tn 5 | 220 m | 16 | €4.18 | €0.63 | €89 | no | 2025 |
| Pikk tn 7 | 300 m | 12 | €4.21 | €1.51 | €13 | €34 377 | 2025 |
| Uus tn 1 | 310 m | 8 | €2.64 | €1.38 | €0 | €66 393 | 2025 |
| Uus tn 3 | 320 m | 12 | €3.79 | €1.33 | €40 | €19 255 | 2025 |
| Uus tn 5 | 350 m | 11 | €2.91 | €0.72 | €18 | €92 086 | 2025 |
| Põhja tn 1 | 360 m | 24 | €4.81 | €1.54 | €15 | €49 761 | 2025 |
| Aia tn 1 | 390 m | 16 | €5.61 | €1.92 | €8 | €87 509 | 2025 |
| Põhja tn 3 | 410 m | 24 | €4.39 | €0.89 | €60 | no | 2025 |
| Aia tn 3 | 430 m | 15 | €7.12 | €3.54 | €7 | €126 694 | 2025 |
| Neighbours' median | €4.21 | €1.38 | €15 |
Repair fund and works
The repair fund is the association's savings for the roof, pipes, façade and so on. When it grows, more is saved than spent; when it shrinks, the money has gone into repairs.
Repair fund balance
Saved and not yet spent, at year end.
Money in and out
When the collected bar is taller the fund grew; when spending is taller, savings were used.
Repair fund at the end of 2025: €7 641 = €7.51/m² ≈ €318 per flat
Loans
An association loan is shared by all owners: when a flat is sold, its share stays with the building, not the seller. That is why a buyer should know the balance and the end date.
€130 311 outstanding at the end of 2025 ≈ €5 430 per flat
Principal due in the next 12 months €8 970 ≈ €748 a month (€31 per flat, plus interest)
| Lender | Balance | Rate | Ends |
|---|---|---|---|
| – | €130 311 | Euribor + 6.00% | 2037-01 |
Loan balance at year end
Lower bars = the loan is being repaid.
All figures by year
The last column is the change from the first year to the latest: green = good news for owners, orange = a cost or risk is growing.
| 2025 | 2024 | 2023 | 2022* | Change | |
|---|---|---|---|---|---|
| Association fees per year | €26 809 | €25 591 | €23 560 | €23 153 | +16% |
| Repair spending | €10 047 | €13 454 | €8 420 | €8 922 | +13% |
| Repair fund balance | €7 641 | €5 176 | €4 841 | €6 475 | +18% |
| Loan balance | €130 311 | €138 662 | €145 838 | €152 895 | −15% |
| Cash | €13 396 | €12 938 | €18 670 | €19 877 | −33% |
| Reserve capital | €5 517 | €5 517 | €5 517 | €5 517 | ≈ |
| Association expenses (income statement) | €19 235 | €22 468 | €17 009 | €18 839 | ≈ |
| Result for the year | €228 | −€6 508 | −€54 | €792 | – |
* from the comparative column of the following year's report.
Cash at year end
Money in the bank (incl. the repair fund).
Board's management report
Short summary of the 2025 report.
Aruandeaastal teostati remonditöid 10 047 € eest. Remondifondi jääk aasta lõpus oli 7 641 €.
members: 24 private.
See also
Frequently asked questions
What are the running costs of the Instituudi tee 16 apartment association?
Per the association's 2025 annual report: total owner costs of €4.88/m² per month including utilities; a typical flat paid €213 a month; the association's own fees excluding utilities €2.20/m² per month. The Harku vald median was €2.90/m² per month.
How big is the repair fund of the Instituudi tee 16 apartment association?
The repair fund held €7 641 at the end of 2025 (€7.51/m², ≈ €318 per flat). In 2022 it was €6 475. Compared with Harku vald: within the usual local range.
Does the Instituudi tee 16 apartment association have a loan?
Yes. The loan balance at the end of 2025 was €130 311 (≈ €5 430 per flat), Euribor, last repayment 2037. The loan stays with the building when a flat is sold; repayments are part of the monthly fees.
Have the fees of the Instituudi tee 16 apartment association gone up?
Member fees totalled €23 153 in 2022 and €26 809 in 2025 — a change of +16%. Latest year: +4.8% vs 2024.
How does the Instituudi tee 16 apartment association compare with neighbouring buildings?
There are 14 associations with reports on the same street and within 500 m. Their median: total costs €4.21/m² per month (here €4.88/m² per month); repair fund €15/m² (here €7.51/m²).
How big is the Instituudi tee 16 apartment association and who manages it?
24 flats. Registry code 80043294; reports 2022–2025 (e-Business Register).
Terms in plain words
- Total owner costs (€/m² a month, incl. utilities)
- Everything owners paid the association (the report's flat table), heating, water and electricity included, divided by the flats' floor area and 12 months. Closest to what an owner actually pays each month.
- Association fees (€/m² a month, excl. utilities)
- The association's own charges — upkeep, management, repair fund, loan, insurance — without utilities, per m² of flats a month.
- Typical flat per month (€ a month)
- The median flat's yearly charge in the report's flat table, divided by 12. Half of the flats pay more, half less.
- Repair fund balance (€ at year end)
- Money saved for future repairs and not yet spent, at the end of the financial year.
- Repair fund balance (€ per m² of flats)
- The repair fund balance divided by the flats' floor area, so buildings of any size compare. Not a monthly charge.
- Repair-fund charge (€/m² a month)
- The part of the fees that goes into the repair fund.
- Loan balance (€ at year end)
- The unpaid part of the association's loan at year end. It stays with the building when a flat is sold; repayments are part of the monthly fees.
- Association fees per year (€, all flats together)
- The same charges as a yearly total for all flats (the report's "member fees").
- Association expenses (income statement) (€ a year)
- The association's own expenses for the year per its accounts (upkeep, management, repairs, interest). Not the same as the owners' "total owner costs".
- Reserve capital (€)
- The association's buffer for unexpected costs. By law at least 1/12 of its budgeted annual costs.
- Cash (€ at year end)
- Money in the bank at year end, the repair fund included.
- Result for the year (€)
- Income minus expenses. An association is not for profit: a small plus or minus is normal; several large losses in a row mean costs are paid from reserves.
We read the association's reports, meeting decisions and the price, and tell you what to watch.
Source: apartment association annual reports (e-Business Register); floor area: Building Register. Figures are machine-read from the reports and may contain reading errors — check the original report in the e-Business Register before deciding. How the figures are made (methodology) · Checklist before buying. Flats' floor area 1 017 m².