Narva mnt 38, Tallinn

Narva mnt 38 is a 7-story apartment building constructed in 1982, located in Kesklinna linnaosa, comprising 36 apartments. The EHR registry code is 101013111 and cadastral ID is 78401:113:1570. Estiq reports estimated energy class E.

The Estiq AVM model estimate is 3 728 €/m². The valuation range spans 3 374–4 082 €/m². The calculated fair value of a typical 4-room apartment is approximately €262 452.

Based on the 3 728 €/m² benchmark, a 40 sqm apartment is indicatively valued at €149 120 and a 50 sqm apartment at €186 400. Actual value depends on interior condition, floor, parking, and storage.

1-room: €117 246–€141 861; 2-room: €158 233–€191 453; 3-room: €206 648–€250 033; 4-room: €238 774–€288 903.

The model-based indicative asking price is approximately €3 640/m² (for the typical 4-room unit, about €275 575), allowing a 3–5% negotiation buffer.

A 4-room apartment in good condition has an estimated market rent of €780–€950 per month, generating an estimated gross yield of 3,5–4,5%.

Buying means a loan payment of about €1,085 a month, renting €780–€950 — the loan payment is 25% above the rent. That is 51% (loan) and 41% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 4-room flat (75.7 m²) at €262,452 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €52,490 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 1524 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 53% were in the two best classes and 13% in the two worst (level: elevated). Estimated road noise at the building is 65 dB (Lden). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, a typical flat paid €213 per month in total, including utilities. Association fees excluding utilities were €3.30/m² per month, of which €2.05/m² to the repair fund. The repair fund held €13 708 at year end. The association had €123 163 of loans outstanding. 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.