Merivälja tee 38, Tallinn

Merivälja tee 38 is a 3-story apartment building constructed in 2008, located in Pirita linnaosa, comprising 10 apartments. The EHR registry code is 120534131 and cadastral ID is 78402:202:3000. Estiq reports energy class B.

The Estiq AVM model estimate is 4 030 €/m². The valuation range spans 3 583–4 477 €/m². The calculated fair value of a typical 2-room apartment is approximately €196 700.

Based on the 4 030 €/m² benchmark, a 50 sqm apartment is indicatively valued at €201 500 and a 75 sqm apartment at €302 250. Actual value depends on interior condition, floor, parking, and storage.

2-room: €175 990–€219 938; 3-room: €224 680–€280 787; 4-room: €359 266–€448 981.

The model-based indicative asking price is approximately €4 423/m² (for the typical 2-room unit, about €206 535), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €760–€930 per month, generating an estimated gross yield of 4,7–5,7%.

Buying means a loan payment of about €813 a month, renting €760–€930 — about the same. That is 38% (loan) and 40% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (46.7 m²) at €196,700 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €39,340 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 52 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). 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 46 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 €2.89/m² per month in total including utilities; a typical flat paid €225 per month. Association fees excluding utilities were €1.54/m² per month, of which €0.53/m² to the repair fund. The repair fund held €1 513 at year end. The association had no loans. For comparison, the median of 76 associations in Pirita district was €3.17/m² per month. From 2021 to 2025 association fees changed by +55% in total; the repair fund went from €2 334 (2021) to €1 513 (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.