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Estiq Value / Tallinn / Pirita / Merivälja tee / Merivälja tee 38
✓ Verified May 1, 2026 Pirita · Tallinn

Merivälja tee 38, Tallinn

Built in 2008, this 3-story residential building is located in Pirita linnaosa · 10 apartments · energy class B.

Merivälja tee 38, Tallinn hoone ja korterite väärtuskaart
3 floors 10 apartments EHR 120534131 ↗ Cadastre 78402:202:3000 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 Pirita specialist

Automated Market Valuation & Building Benchmark

Merivälja tee 38 is a 3-storey residential building built in 2008, with 10 apartments, energy class B. The Estiq AVM benchmark is €3 516/m², 17.3% above the Pirita median (notarised apartment transaction median €2 998/m²).

Merivälja tee 38 is a 3-storey residential building completed in 2008 in Pirita, with 10 apartments. Load-bearing structure: Reinforced Concrete (EHR register). The most common unit type is 2-room apartments (4 of them). Energy class B (per energy certificate).

Based on the Estiq valuation model and Land Board transaction registries, the building price benchmark is 3 516 €/m², which is approximately 17.3% above the Pirita median (notarised apartment transaction median €2 998/m²). The building demonstrates high transaction liquidity for 2-room units, with a typical market value of around €165 252.

✓ Well Suited For

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

⚠ Key Considerations

Energy class B, open surface parking, and 2008 construction vintage.

€630–€740/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
2-room 4 42.2 – 52.2 m² €3 516 €145 422–€185 082
3-room 4 77.1 m² €3 375 €228 987–€291 438
4-room 2 116.9 m² €3 270 €336 391–€428 135
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.

2-room · 47 m² 3-room · 77.1 m² 4-room · 116.9 m²
− 47 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
€170 252
ca €3 622 / m² · model estimate
Suggested Listing Price €178 765
Expected Monthly Rent €630–€740/mo
Price per m² €3 622/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
8,3 / 10
Location & Transit9,3

Supluse puiestee stop 68 m / 1 min; fast connection to city centre.

Weight 20%
Education & Schools6,8

Pirita Majandusgümnaasium 319 m; state exams rating 58.6/100; kindergarten 285 m.

Weight 15%
Air Quality & Environment8,7

AQI 1 (good), noise level 46 dB (quiet), modelled (Lden), nearest park Pirita rannapark ja terviserada 83 m. Sources: Estiq noise model (CNOSSOS-EU); Estiq air-quality index derived from Keskkonnaagentuur data.

Weight 10%
Safety & Crime Risk7,1

Police open data (PPA): stable local safety baseline (1y trend: -15.7%), compliant fire safety standards.

Weight 10%
Condition & Vintage8,7

Built in 2008; load-bearing structure Reinforced Concrete.

Weight 15%
Energy Efficiency & Heating8,9

EHR / KredEx registered energy class B; heating type District Heating.

Weight 10%
Lifestyle & Infrastructure8,8

Pirita rannapark ja terviserada 83 m; grocery stores 455 m.

Weight 10%
Market Liquidity & Demand7,5

Land Board transaction volume in this micro-location (93 transactions over 12–18 mo. in the "built 2001-2010" cohort).

Weight 10%

Price Trends & Sales Strategy

Transactions in last 12 months · Land Board · Pirita · built 2001-2010 cohort.

Quarterly sales price €/m² (Sample: 93 deals · built 2001-2010)
Sales ✨ Next Q Forecast +7% YoY
Merivälja tee 38 AVM benchmark: €3 516/m² €2 558 2025 Q2 27 deals €2 676 2025 Q3 29 deals €2 544 2025 Q4 17 deals €2 653 2026 Q1 12 deals €2 737 2026 Q2 8 deals €2 730 2026 Q3 ✨ Forecast

Sales Strategy

AVM Fair Market Value
€3 516/m²
Price Band
€3 094–3 938
Suggested Listing Price
€173 515
Asking Price€3 692/m²
Negotiation room~3–5%

Location Map & 10-Min Proximity

Within a 10-minute walk, there are 8 key infrastructure facilities · Coordinates 59.470559, 24.835976 · Cadastre 78402:202:3000.

🚏 Supluse puiestee stop
Transit Stop · Bus / Local transit
68 m · 1 min
🌳 Pirita rannapark ja terviserada
Park · Recreation & walking
83 m · 1 min
🧒 Pirita Lasteaed
Kindergarten · Pre-school education
285 m · 4 min
🚏 Kalmuse tee stop
Transit Stop · Bus / Local transit
310 m · 4 min
🎓 Pirita Majandusgümnaasium
School · Exam rating: 58.6/100
319 m · 4 min
🚏 Randvere tee stop
Transit Stop · Bus / Local transit
380 m · 5 min
🚏 Randvere tee stop
Transit Stop · Bus / Local transit
415 m · 6 min
🛒 Pirita Selver
Supermarket · Groceries & daily goods
455 m · 6 min
Exceptional walking accessibility underpins the strong micro-location rating of this building.

Neighborhood Vintage & Demographics: Pirita linnaosa

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

Resident Age Distribution

17 354 residents
0–17 (Children & youth) 22.7% · 3 948
18–64 (Working age) 61.2% · 10 612
65+ (Seniors & retirees) 16.1% · 2 794

Education Level (15+)

14 110 residents
Basic or primary education 11.6% · 1 634
Secondary / vocational education 29.6% · 4 179
Higher education (BSc, MSc, PhD) 56.6% · 7 990
Education unknown 2.2% · 307

Construction Era & Housing Stock

7 343 dwellings
Pre-War & Historic (< 1945) 4.7% · 344
Soviet Era (1946–1990) 31.4% · 2 305
Post-Independence (1991–2010) 48% · 3 526
Modern Developments (2011+) 14.6% · 1 075

Peak construction era: 2001–2005.

Energy Efficiency Distribution A–G

7 344 dwellings
A 3.8% · 282
B · this building 10.8% · 793
C 26.3% · 1 931
D 21.7% · 1 596
E 32.7% · 2 398
F–G 4.7% · 344

Building Technical Profile (At a Glance)

Official parameters verified against EHR and Land Board registries.

Year Built2008
Total Apartments10
Floors3
Energy ClassB
Land Ownership100% Residential Land (Freehold)
Plot Size3 693 m²
Heating SystemDistrict Heating
Load-bearing StructureReinforced Concrete
Elevators0
Staircases2
Parking Spaces19
Noise Level46 dB · quiet

EHR Technical Audit & Official Registries

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

Audits Valid

EHR · Building Register

Code 120534131 · primary occupancy permit issued.

Occupancy Permit Active

Reinforced Concrete. 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

78402:202:3000 · plot area 3 693 m².

100% Residential Land (Freehold)

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

Apartment buildings on Merivälja tee

43 buildings on the street · street median €2 939/m² (n=43) · real-time filterable comparison.

Address Year Built Estiq €/m² Typical Unit Energy Class
Merivälja tee 1 1998 €2 945 ~€144 901 E ~ View →
Merivälja tee 3 1952 €2 945 ~€144 871 E View →
Merivälja tee 3e 1995 €4 217 ~€207 491 D ~ View →
Merivälja tee 4 2021 €2 693 ~€132 516 E ~ View →
Merivälja tee 5 1988 €2 948 ~€145 043 E ~ View →
Merivälja tee 5a 1993 €3 281 ~€161 437 E ~ View →
Merivälja tee 5b 1979 €4 598 ~€226 219 A ~ View →
Merivälja tee 6 1970 €2 696 ~€132 660 C View →
Merivälja tee 38 This building 2008 €3 516 ~€165 252 B 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 · 120534131 Ministry of Regional Affairs last synced · 01.05.2026 Valid
Cadastral Unit & Land Zoning Land & Spatial Board · 78402:202:3000 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 · this building Low Energy Building Very high thermal performance
C Energy Efficient Good standard efficiency
D Average / Refurbished Moderate heating expenses
E 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 2008: technical utility systems require periodic updating and capital maintenance.
  • energy class B: low-energy building with efficient and stable winter heating costs.
  • 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 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.

What is the average price per sqm and market value for apartments at Merivälja tee 38?

The Estiq AVM model estimate is 3 516 €/m². The valuation range spans 3 094–3 938 €/m². The calculated fair value of a typical 2-room apartment is approximately €165 252.

How much does a 40 sqm or 50 sqm apartment cost at Merivälja tee 38?

Based on the 3 516 €/m² benchmark, a 40 sqm apartment is indicatively valued at €140 640 and a 50 sqm apartment at €175 800. Actual value depends on interior condition, floor, parking, and storage.

How are apartment prices distributed by room count?

2-room: €145 422–€185 082; 3-room: €228 987–€291 438; 4-room: €336 391–€428 135.

At what asking price should a seller list?

The strategic recommended listing price is approximately €3 692/m² (for a 2-room unit, about €173 515), 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 €630–€740 per month, generating an estimated gross yield of 4,6–5,4%.

Is Merivälja tee 38 a good rental investment?

Data indicates that compact apartment layouts, proximity to transit (68 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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