Instituudi tee 16, Harku

Instituudi tee 16 is a 3-story apartment building constructed in 1965, located in Harku alevik, comprising 24 apartments. The EHR registry code is 116002476 and cadastral ID is 19814:001:1110. Estiq reports energy class F.

The Estiq AVM model estimate is 3 094 €/m². The valuation range spans 2 908–3 280 €/m². The calculated fair value of a typical 2-room apartment is approximately €123 760.

Based on the 3 094 €/m² benchmark, a 40 sqm apartment is indicatively valued at €123 760 and a 50 sqm apartment at €154 700. Actual value depends on interior condition, floor, parking, and storage.

2-room: €118 370–€133 481; 3-room: €135 961–€153 317.

The model-based indicative asking price is approximately €3 249/m² (for the typical 2-room unit, about €129 948), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €470–€560 per month, generating an estimated gross yield of 4,6–5,4%.

Data indicates that compact apartment layouts, proximity to transit (124 m to stop), and active district tenant demand are positive investment drivers. Prior to purchasing, inspect individual apartment condition, utility costs, and actual occupancy demand.

Police open data list 10 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 65% were in the two best classes and 21% in the two worst (level: high). Estimated road noise at the building is 50 dB (Lden). Radon in soil gas: normal (30–50 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €4.88/m² per month in total including utilities; a typical flat paid €213 per month. Association fees excluding utilities were €2.20/m² per month. The repair fund held €7 641 at year end. The association had €130 311 of loans outstanding. For comparison, the median of 111 associations in Harku vald was €2.90/m² per month. From 2022 to 2025 association fees changed by +16% in total; the repair fund went from €6 475 (2022) to €7 641 (2025). See the association figures.

No. For a mortgage the bank needs a certified valuer's report under EVS 875 — order a valuation.

Median error is 9.5% in Tallinn and 12.1% elsewhere in Estonia; 83% of Tallinn estimates fall within ±20% (blind test, May–September 2026). Atypical properties have larger errors — see the methodology.

Sale prices — notarised apartment sales, Maa- ja Ruumiamet; estimates — the Estiq AVM model; building data — building register (EHR); association costs — housing associations' annual reports; noise and air — national noise maps and air monitoring. Figures refresh with every data load and each states its period and sample — see the methodology.