Instituudi tee 3, Harku

Instituudi tee 3 is a 3-story apartment building constructed in 2007, located in Harku alevik, comprising 29 apartments. The EHR registry code is 120533183 and cadastral ID is 19814:001:0227. Estiq reports energy class D.

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 €161 816.

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.

1-room: €120 330–€135 691; 2-room: €175 665–€198 090; 3-room: €182 025–€205 263.

The model-based indicative asking price is approximately €3 249/m² (for the typical 2-room unit, about €169 907), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €620–€730 per month, generating an estimated gross yield of 4,6–5,4%.

Data indicates that compact apartment layouts, proximity to transit (107 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 11 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 62% were in the two best classes and 23% 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 €4.31/m² per month in total including utilities; a typical flat paid €177 per month. Association fees excluding utilities were €0.89/m² per month. The repair fund held €23 421 at year end. The association had no loans. For comparison, the median of 111 associations in Harku vald was €2.90/m² per month. From 2022 to 2025 association fees changed by −32% in total; the repair fund went from €3 231 (2022) to €23 421 (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.