Luise tänav 38a, Tallinn

Luise tn 38a is a 4-story apartment building constructed in 2000, located in Kesklinna linnaosa, comprising 15 apartments. The EHR registry code is 101040626 and cadastral ID is 78401:108:0410. Estiq reports energy class C.

The Estiq AVM model estimate is 3 520 €/m². The valuation range spans 3 186–3 854 €/m². The calculated fair value of a typical 3-room apartment is approximately €263 245.

Based on the 3 520 €/m² benchmark, a 50 sqm apartment is indicatively valued at €176 000 and a 75 sqm apartment at €264 000. Actual value depends on interior condition, floor, parking, and storage.

1-room: €145 129–€175 597; 2-room: €166 475–€201 425; 3-room: €249 079–€301 372; 4-room: €257 203–€311 202.

The model-based indicative asking price is approximately €3 494/m² (for the typical 3-room unit, about €276 407), allowing a 3–5% negotiation buffer.

A 3-room apartment in good condition has an estimated market rent of €770–€950 per month, generating an estimated gross yield of 3,4–4,4%.

Buying means a loan payment of about €1,088 a month, renting €770–€950 — the loan payment is 27% above the rent. That is 51% (loan) and 40% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 3-room flat (79.1 m²) at €263,245 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €52,649 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 83 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 39% were in the two best classes and 23% in the two worst (level: high). Estimated road noise at the building is 56 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 €1.76/m² per month in total including utilities; a typical flat paid €128 per month. Association fees excluding utilities were €1.19/m² per month, of which €0.31/m² to the repair fund. The association had no loans. For comparison, the median of 70 associations in Kassisaba subdistrict was €3.09/m² per month. 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.