Pargi tee 5, Rae

Pargi tee 5 is a 3-story apartment building constructed in 2006, located in Peetri alevik, comprising 18 apartments. The EHR registry code is 120264173 and cadastral ID is 65301:001:1081. Estiq reports energy class C.

The Estiq AVM model estimate is 3 038 €/m². The valuation range spans 2 780–3 296 €/m². The calculated fair value of a typical 2-room apartment is approximately €161 318.

Based on the 3 038 €/m² benchmark, a 40 sqm apartment is indicatively valued at €121 520 and a 50 sqm apartment at €151 900. Actual value depends on interior condition, floor, parking, and storage.

1-room: €118 797–€140 869; 2-room: €147 328–€174 700; 3-room: €185 436–€219 888.

The model-based indicative asking price is approximately €3 190/m² (for the typical 2-room unit, about €169 384), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €580–€710 per month, generating an estimated gross yield of 4,3–5,3%.

Buying means a loan payment of about €667 a month, renting €580–€710 — about the same. That is 33% (loan) and 32% (rent) of the median gross wage (Rae vald, €2,000, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (53.1 m²) at €161,318 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €32,264 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 16 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 80% were in the two best classes and 4% in the two worst (level: moderate). Estimated road noise at the building is 56 dB (Lden). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €3.75/m² per month in total including utilities; a typical flat paid €217 per month. Association fees excluding utilities were €1.04/m² per month, of which €0.19/m² to the repair fund. The repair fund held €34 369 at year end. The association had €6 921 of loans outstanding. For comparison, the median of 60 associations in Peetri alevik was €3.08/m² per month. From 2022 to 2025 association fees changed by +34% in total; the repair fund went from €27 830 (2022) to €34 369 (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.