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Estiq Value / Pärnu / Pärnu linn / Riia mnt / Riia mnt 16/1
✓ Verified May 1, 2026 Pärnu linn · Pärnu

Riia mnt 16/1, Pärnu

Built in 1845, this 1-story residential building is located in Pärnu linn linnaosa · 2 apartments · estimated energy class E.

Riia mnt 16/1, Pärnu hoone ja korterite väärtuskaart
1 floors 2 apartments EHR 103013052 ↗ Cadastre 62511:134:0830 100% Residential Land (Freehold)

Estiq consolidates apartment price levels, AVM valuation, market trends, micro-location, living environment, EHR technical parameters, and official registry certificates in one view.

Value your apartment in this building → Consult a Pärnu linn specialist

Automated Market Valuation & Building Benchmark

Riia mnt 16/1 is a 1-storey residential building built in 1845, with 2 apartments, estimated energy class E. The Estiq AVM benchmark is €1 659/m², 24.9% below the Pärnu linn median (notarised apartment transaction median €2 209/m²).

Riia mnt 16/1 is a 1-storey residential building completed in 1845 in Pärnu linn, with 2 apartments. Load-bearing structure: Timber Frame (EHR register). The most common unit type is 3-room apartments (2 of them). Energy class E (estimated from construction year).

Based on the Estiq valuation model and Land Board transaction registries, the building price benchmark is 1 659 €/m², which is approximately 24.9% below the Pärnu linn median (notarised apartment transaction median €2 209/m²). The building demonstrates high transaction liquidity for 2-room units, with a typical market value of around €81 623.

✓ Well Suited For

First-time home buyers, 1–2 person households, and rental investors.

⚠ Key Considerations

Estimated energy class E, open surface parking, and 1845 construction vintage.

€310–€370/mo

Modelled monthly rent for a 2-room unit (not a market measurement).

4,6–5,4%

Estimated gross rental yield for investment.

Apartment Prices & Room Breakdown

Official Building Register (EHR) apartment types and Estiq valuation ranges.

Apartment Count Typical Size €/m² Value Range
3-room 2 66.3 – 70.9 m² €1 593 €96 166–€122 393
Most units in the building vary: actual transaction prices depend directly on floor level, interior condition, basement storage, and parking rights.

Apartment Instant Valuation Calculator

Building benchmark + apartment-specific attributes. Select parameters to see calculated fair market value.

3-room · 68.6 m²
− 49,2 m² +
Needs repair −10% Good condition Renovated +10%
1st floor −2% Middle floor Top floor
Balcony / loggia +€3 000 Basement storage +€2 000 Parking space +€5 000
Calculated Fair Market Value
€86 623
ca €1 761 / m² · model estimate
Suggested Listing Price €90 954
Expected Monthly Rent €310–€370/mo
Price per m² €1 761/m²
Negotiation buffer 3–5%
Methodology: automated statistical AVM valuation based on official Land Board sales records. Does not substitute a certified appraisal report under EVS 875 standards.

Estiq Building Scorecard™

8-dimensional audit of living environment, safety, infrastructure, and market liquidity.

Composite Score
6,2 / 10
Location & Transit4,5

Lehetu stop 74715 m / 996 min; fast connection to city centre.

Weight 20%
Education & Schools6,5

Pärnu Ühisgümnaasium 487 m; state exams rating 62/100; kindergarten 619 m.

Weight 15%
Air Quality & Environment7,2

AQI 1 (good), noise level 57 dB (noticeable), modelled (Lden), nearest park Rannapark 1209 m. Sources: Estiq noise model (CNOSSOS-EU); Estiq air-quality index derived from Keskkonnaagentuur data.

Weight 10%
Safety & Crime Risk7,6

Police open data (PPA): stable local safety baseline (1y trend: -92.4%), compliant fire safety standards.

Weight 10%
Condition & Vintage5,9

Built in 1845; load-bearing structure Timber Frame.

Weight 15%
Energy Efficiency & Heating5,2

No certificate is registered; the construction year (1845) implies an expected class of E. Heating type District Heating.

Weight 10%
Lifestyle & Infrastructure7,5

Rannapark 1209 m; grocery stores 710 m.

Weight 10%
Market Liquidity & Demand7,3

Land Board transaction volume in this micro-location (60 transactions over 12–18 mo. in the "built <1939" cohort).

Weight 10%

Price Trends & Sales Strategy

Transactions in last 12 months · Land Board · Pärnu linn · built <1939 cohort.

Quarterly sales price €/m² (Sample: 60 deals · built <1939)
Sales
Riia mnt 16/1 AVM benchmark: €1 659/m² €2 079 2025 Q2 16 deals €1 194 2025 Q3 13 deals €2 089 2025 Q4 16 deals €2 196 2026 Q1 15 deals

Sales Strategy

AVM Fair Market Value
€1 659/m²
Price Band
€1 460–1 858
Suggested Listing Price
€85 704
Asking Price€1 742/m²
Negotiation room~3–5%

Location Map & 10-Min Proximity

Within a 10-minute walk, there are 7 key infrastructure facilities · Coordinates 58.385581, 24.513591 · Cadastre 62511:134:0830.

🎓 Pärnu Ühisgümnaasium
School · Exam rating: 62/100
487 m · 6 min
🧒 Pärnu Kesklinna Lasteaed
Kindergarten · Pre-school education
619 m · 8 min
🛒 Pärnu Keskuse Selver
Supermarket · Groceries & daily goods
710 m · 9 min
🎓 Pärnu Sütevaka Humanitaargümnaasium
School · Exam rating: 73.3/100
764 m · 10 min
🎓 Pärnu Tammsaare Kool
School · Exam rating: 55.4/100
1163 m · 16 min
🌳 Rannapark
Park · Roheala
1209 m · 16 min
🚏 Lehetu stop
Transit Stop · Buss
74715 m · 996 min
Exceptional walking accessibility underpins the strong micro-location rating of this building.

Neighborhood Vintage & Demographics: Pärnu linn linnaosa

Official open data from Statistics Estonia REL2021 census and Building Register EHR.

Resident Age Distribution

40 228 residents
0–17 (Children & youth) 18.9% · 7 597
18–64 (Working age) 57.7% · 23 200
65+ (Seniors & retirees) 23.4% · 9 431

Education Level (15+)

42 815 residents
Basic or primary education 21.6% · 9 250
Secondary / vocational education 46% · 19 690
Higher education (BSc, MSc, PhD) 30.1% · 12 895
Education unknown 2.3% · 980

Construction Era & Housing Stock

28 884 dwellings
Pre-War & Historic (< 1945) 15.8% · 4 569
Soviet Era (1946–1990) 50.6% · 14 606
Post-Independence (1991–2010) 27.9% · 8 050
Modern Developments (2011+) 5.2% · 1 496

Peak construction era: 1991–2000.

Energy Efficiency Distribution A–G

28 885 dwellings
A 2.4% · 687
B 2.8% · 809
C 6.4% · 1 835
D 21.5% · 6 216
E · this building 51.1% · 14 769
F–G 15.8% · 4 569

Building Technical Profile (At a Glance)

Official parameters verified against EHR and Land Board registries.

Year Built1845
Total Apartments2
Floors1
Energy ClassE ~
Land Ownership100% Residential Land (Freehold)
Plot Size2 577 m²
Heating SystemDistrict Heating
Load-bearing StructureTimber Frame
Elevators0
Staircases2
Parking Spaces43
Noise Level57 dB · noticeable

EHR Technical Audit & Official Registries

Technical compliance, fire safety, elevator inspections, cadastre, and audit records.

Audits Valid

EHR · Building Register

Code 103013052 · primary occupancy permit issued.

Occupancy Permit Active

Timber Frame. According to EHR records, there are no outstanding enforcement orders.

View in Building Register (EHR) ↗

Rescue Board Fire Safety Inspection

Periodic inspection completed.

Fully Compliant

Evacuation corridors clear, fire barrier doors compliant, smoke extraction systems tested.

CPRA (TTJA) Elevator & Equipment Audit

0 passenger elevators have passed periodic technical inspection.

Valid

Elevators comply with applicable TTJA safety standards.

Cadastral & Land Use Status

62511:134:0830 · plot area 2 577 m².

100% Residential Land (Freehold)

Official designated purpose of the property is 100% residential land.

Apartment buildings on Riia mnt

54 buildings on the street · street median €1 982/m² (n=54) · real-time filterable comparison.

Address Year Built Estiq €/m² Typical Unit Energy Class
Riia mnt 5 1999 €1 855 ~€91 249 E ~ View →
Riia mnt 6 1999 €1 814 ~€89 264 E ~ View →
Riia mnt 11/1 2016 €1 750 ~€86 101 C View →
Riia mnt 11/2 2016 €1 749 ~€86 060 B ~ View →
Riia mnt 13 1900 €1 824 ~€89 757 E ~ View →
Riia mnt 14/1 1930 €1 798 ~€88 462 E ~ View →
Riia mnt 15 1913 €2 533 ~€124 640 C ~ View →
Riia mnt 16/1 This building 1845 €1 659 ~€81 623 E ~ Active

Official Data Sources & Registry Verification

Direct data linkages, authoritative registries, and update timestamps.

Data Dimension Official Source Governing Authority Last Verified Status
Building Specs & Occupancy Permit EHR · 103013052 Ministry of Regional Affairs last synced · 01.05.2026 Valid
Cadastral Unit & Land Zoning Land & Spatial Board · 62511:134:0830 Land & Spatial Board last synced · 01.05.2026 Confirmed
Notarized Sales Transactions Land Board Transactions Database Land & Spatial Board last synced · Q2/Q3 2026 Synchronized
Demographics & Census Data Population Register & RL21 Statistics Estonia annual (2021 census) Official
Safety & Environmental Monitoring Noise Maps, Air Quality & Police Police Board / Environment Agency last synced · 01.05.2026 Checked
Market Rent & Gross Yield Model assumption: 4,6–5,4% gross yield on the Estiq AVM value; the monthly rent is derived from it, not measured Estiq AVM 2026 model parameters Statistical
Valuation Methodology Estiq AVM EVS 875 Valuation Framework 2026 model weights Statistical

Building Energy Rating Guide

The energy performance certificate reflects the heating efficiency and energy consumption intensity of the building.

A Nearly Zero Energy Building Extremely low energy demand
B Low Energy Building Very high thermal performance
C Energy Efficient Good standard efficiency
D Average / Refurbished Moderate heating expenses
E · this building Higher Energy Demand Noticeable heat loss; typical of older housing stock
F–G High / Very High Consumption Requires substantial energy efficiency renovation

Key Risk Factors

  • Built in 1845: technical utility systems require periodic updating and capital maintenance.
  • Estimated energy class E: expected winter heating expenses are higher than modern A/B developments.
  • Parking: on-grade surface parking on parcel/street; no separate underground garage.
  • Valuation nuance: bank collateral value for a specific unit depends fundamentally on interior finish.

Frequently Asked Questions (FAQ)

Structured answers compiled for buyers, sellers, search engines, and AI systems.

What building is located at Riia mnt 16/1, Pärnu?

Riia mnt 16/1 is a 1-story apartment building constructed in 1845, located in Pärnu linn linnaosa, comprising 2 apartments. The EHR registry code is 103013052 and cadastral ID is 62511:134:0830. Estiq reports estimated energy class E.

What is the average price per sqm and market value for apartments at Riia mnt 16/1?

The Estiq AVM model estimate is 1 659 €/m². The valuation range spans 1 460–1 858 €/m². The calculated fair value of a typical 2-room apartment is approximately €81 623.

How much does a 40 sqm or 50 sqm apartment cost at Riia mnt 16/1?

Based on the 1 659 €/m² benchmark, a 40 sqm apartment is indicatively valued at €66 360 and a 50 sqm apartment at €82 950. Actual value depends on interior condition, floor, parking, and storage.

How are apartment prices distributed by room count?

3-room: €96 166–€122 393.

At what asking price should a seller list?

The strategic recommended listing price is approximately €1 742/m² (for a 2-room unit, about €85 704), allowing a 3–5% negotiation buffer.

How much rental income can a 2-room apartment generate?

A 2-room apartment in good condition has an estimated market rent of €310–€370 per month, generating an estimated gross yield of 4,6–5,4%.

Is Riia mnt 16/1 a good rental investment?

Data indicates that compact apartment layouts, proximity to transit (74715 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.

Does the Estiq online valuation replace a bank-certified appraisal?

No. Estiq AVM is a data-driven statistical benchmark. Mortgage financing applications require a certified appraisal report performed by a licensed appraiser in accordance with EVS 875 standards.

How accurate is the Estiq automated valuation (AVM)?

The Estiq AVM reports a confidence band by comparable-transaction volume: ±5–8% where comparables are plentiful, ±10–14% with moderate data, ±18–25% where data is sparse. Accuracy is higher in active areas and lower for atypical properties. It is a statistical benchmark, not an EVS 875 report. See the methodology page.

Building data reconciled against the EHR and Land Board (Maa-amet) registries. AVM methodology by Martin Koppel, Estiq real estate valuation advisor (methodology aligned with the EVS 875 standard). This is an automated model estimate, not an EVS 875 appraisal report. Updated 01.05.2026.

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