Kooli tänav 38a, Pärnu

Kooli tn 38a is a 3-story apartment building constructed in 1959, located in Pärnu linn, comprising 8 apartments. The EHR registry code is 103014846 and cadastral ID is 62511:055:8040. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 1 772 €/m². The valuation range spans 1 510–2 034 €/m². The calculated fair value of a typical 2-room apartment is approximately €73 361.

Based on the 1 772 €/m² benchmark, a 40 sqm apartment is indicatively valued at €70 880 and a 50 sqm apartment at €88 600. Actual value depends on interior condition, floor, parking, and storage.

2-room: €62 956–€84 828; 3-room: €80 578–€108 573; 4-room: €96 742–€130 352.

The model-based indicative asking price is approximately €1 861/m² (for the typical 2-room unit, about €77 029), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €330–€410 per month, generating an estimated gross yield of 5,6–6,6%.

Buying means a loan payment of about €303 a month, renting €330–€410 — the loan payment is 18% below the rent. That is 20% (loan) and 24% (rent) of the median gross wage (Pärnu linn, €1,551, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (41.4 m²) at €73,361 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €14,672 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 34 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 23% were in the two best classes and 55% in the two worst (level: high). Estimated road noise at the building is 46 dB (Lden). Radon in soil gas: high (50–100 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €1.56/m² per month in total including utilities; a typical flat paid €71 per month. The repair fund held €4 075 at year end. The association had no loans. For comparison, the median of 197 associations in Kesklinna linnaosa, Eeslinna subdistrict was €2.48/m² per month. From 2021 to 2025 association fees changed by −90% in total; the repair fund went from €0 (2023) to €4 075 (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; rents — Estiq market database (24 months); wages — Statistics Estonia (PA117); 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.