Narva linn, Madise tn 1, Madise tn 3, Malmi tn 3, Malmi tn 5 korteriühistu
Association of 150 flats. New loan taken in 2024; small reserve capital.
Madise tn 1, Madise tn 3, Malmi tn 3, Malmi tn 5 korteriühistu is a 150-flat apartment association in Narva linn (4 buildings). Per its 2025 annual report, a typical flat paid the association €128 a month; association fees excluding utilities were €3.59/m² a month.
The association has a loan of €204 142 (≈ €1 361 per flat). Member fees rose 27% in 2022–2025 (€184 160 → €233 716 a year).
There are 17 associations with reports on the same street and within 500 m; their median is €3.47/m² a month in costs and €9/m² of repair fund. Source: the association's annual reports (e-Business Register), floor area from the Building Register.
The association manages: Madise tn 1, Madise tn 3, Malmi tn 3, Malmi tn 5, Narva linn. 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 (5 431 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.
The association's joint loan (usually for renovation). Repayments are part of the monthly fees.
! Worth watching
- New loan taken in 2024outstanding €204 142 — usually for renovation; repayments are part of the fees
- Small reserve capital€12 536 — less than one month of costs (€19 426)
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 17 neighbouring associations (median): total costs €3.47 · fees €0.90 (here €3.59) · repair fund €9/m²
On the same street: Madise tn
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Madise tn 1 (this one) | – | 150 | – | €3.59 | – | €204 142 | 2025 |
| Madise tn 5 | 80 m | 32 | €3.48 | €1.12 | – | no | 2025 |
| Madise tn 6 | 140 m | 44 | €3.16 | €0.65 | – | no | 2025 |
| Madise tn 7 | 120 m | 64 | €3.46 | €0.69 | – | no | 2025 |
| Madise tn 8 | 160 m | 32 | €3.30 | €0.70 | €14 | no | 2025 |
| Madise tn 10 | 200 m | 32 | €3.33 | €0.90 | – | no | 2025 |
| Madise tn 17 | 400 m | 24 | €6.69 | €0.88 | €19 | no | 2025 |
| Madise tn 28 | 560 m | 4 | €5.00 | €4.45 | – | €17 | 2025 |
| Neighbours' median | €3.46 | €0.88 | – |
Nearby (within 500 m)
| Association | Distance | Flats | Total owner costs €/m²/mo | Association fees €/m²/mo | Repair fund balance €/m² | Loan balance | Year |
|---|---|---|---|---|---|---|---|
| Madise tn 1 (this one) | – | 150 | – | €3.59 | – | €204 142 | 2025 |
| Malmi tn 12 | 100 m | 44 | €3.58 | €0.89 | – | no | 2025 |
| Malmi tn 10 | 120 m | 32 | €3.28 | €0.71 | – | no | 2025 |
| Masina tn 3 | 170 m | 44 | €3.39 | €0.84 | – | no | 2025 |
| A. Puškini tn 11 | 180 m | 27 | €3.37 | €1.15 | €4 | no | 2025 |
| A. Puškini tn 9 | 180 m | 40 | – | €2.71 | – | no | 2025 |
| A. Puškini tn 13 | 210 m | 57 | €4.04 | €1.08 | – | no | 2025 |
| Masina tn 5 | 220 m | 43 | €3.49 | €0.75 | €0 | no | 2025 |
| A. Puškini tn 5 | 250 m | 70 | €3.72 | €2.06 | – | no | 2025 |
| A. Puškini tn 10 | 250 m | 42 | – | €1.51 | – | no | 2025 |
| A. Puškini tn 15 | 250 m | 8 | – | €4.59 | – | no | 2025 |
| Neighbours' median | €3.49 | €1.12 | – |
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.
Money in and out
When the collected bar is taller the fund grew; when spending is taller, savings were used.
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.
€204 142 outstanding at the end of 2025 ≈ €1 361 per flat
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 | €233 716 | €218 271 | €190 118 | €184 160 | +27% |
| Repair spending | €19 190 | €3 150 | – | – | ×6.1 |
| Loan balance | €204 142 | €223 331 | €0 | – | – |
| Cash | €6 635 | €8 705 | €21 179 | €36 319 | −82% |
| Reserve capital | €12 536 | €12 536 | €12 536 | €12 536 | ≈ |
| Association expenses (income statement) | €233 116 | €231 459 | €210 341 | €207 888 | +12% |
| Result for the year | €1 497 | −€11 567 | −€19 788 | −€21 921 | – |
* 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 19 190 € eest.
members: 148 private + 4 companies.
See also
Frequently asked questions
What are the running costs of the Madise tn 1 apartment association?
Per the association's 2025 annual report: a typical flat paid €128 a month; the association's own fees excluding utilities €3.59/m² per month.
Does the Madise tn 1 apartment association have a loan?
Yes. The loan balance at the end of 2025 was €204 142 (≈ €1 361 per flat). The loan stays with the building when a flat is sold; repayments are part of the monthly fees.
Have the fees of the Madise tn 1 apartment association gone up?
Member fees totalled €184 160 in 2022 and €233 716 in 2025 — a change of +27%. Latest year: +7.1% vs 2024.
How does the Madise tn 1 apartment association compare with neighbouring buildings?
There are 17 associations with reports on the same street and within 500 m. Their median: total costs €3.47/m² per month; repair fund €8.95/m².
How big is the Madise tn 1 apartment association and who manages it?
150 flats, 4 buildings. Registry code 80152178; 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 5 431 m².