Kesklinn district, Tallinn · Apartment building

Olevimägi 16, Tallinn — building data and flat estimate

Q: What do apartments at Olevimägi 16 cost?

As of 09.11.2026, the Estiq model baseline at Olevimägi 16 is €4 086/m² (range €3 698–4 474/m², ±9.5%). That is +9.6% against the Kesklinna sales median across all build years (€3 728/m²).

Built 1940 · 3 floors · 9 apartments · EHR 101020592 · Cadastre 78401:101:3350

Olevimägi 16 (Kesklinn, Tallinn) is a 3-storey apartment building completed in 1940 with 9 flats. Estiq's model estimates flats here at €3 698–4 474/m² (typically €4 086/m², as of 09.11.2026). This is not a licensed appraisal. In Vanalinn, 24 flats in buildings of the same era sold over the last four completed quarters.

Estimated market value

€4 086 /m²

€3 698 range ±9.5% €4 474

Typical apartment · 60.0 m²

€230 940

Building score

6.9 / 10

Energy class

E estimated

vsKesklinna median (all build years)

+9,6%

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Automated model estimate (AVM), not a professional valuer's appraisal · as of 09.11.2026 · Land Board notarial transactions

Olevimägi 16, Tallinn – kaldaerofoto vaade lennukilt

View from the air · oblique aerial photo 08.05.2024: Maa- ja Ruumiamet, Tallinna Strateegiakeskus (open data licence) · Request removal of this photo

Olevimägi 16, Tallinn – aerial photo and EHR building outline

Aerial photo · building outline from the Building Register (EHR) · Orthophoto 05.05.2024–08.05.2024, Maa- ja Ruumiamet (open data licence)

Location map · CARTO Voyager · © OpenStreetMap contributors

Prices by apartment type

Type	Count	Area	€/m²	Value range
1-room	3	17,8–36,0 m²	€4 086	€114 000 – €138 000 (median area 30,9 m²)
2-room	4	41,8–73,5 m²	€4 086	€174 000 – €211 000 (median area 47,1 m²)
3-room	1	53,5 m²	€4 086	€198 000 – €239 000 (median area 53,5 m²)

Actual value depends on the floor, interior finish, balcony/terrace, storage and parking space.

Find your apartment

9 apartments in the building

Pick an apartment from the dropdown and press “Value apartment” to open the model-based apartment-level estimate report.

Choose an apartment from the dropdown: 9 apartments in the building

Apartment condition: Good condition

Model-based analysis built on real EHR and transaction data.

The area at a glance · Olevimägi 16

On foot

Environment

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Details, sources and limits

Around Olevimägi 16 (within 1.5 km): nearest public transport stop: Kanuti stop (263 m, 4 min on foot); nearest grocery store: Rimi Mini (193 m, 3 min on foot); nearest park or green area: Roheline turg (130 m, 2 min on foot); nearest school: Püha Miikaeli Kool (50 m, 1 min on foot); nearest kindergarten: Lasteaed Aiake (167 m, 2 min on foot). Distances are straight-line, walking time assumes 4.5 km/h. Police open data list 190 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 50% were in the two best classes and 16% in the two worst (level: elevated). Estimated road noise at the building is 63 dB (Lden). Radon in soil gas: normal (30–50 kBq/m³). These describe the area, not a specific apartment.

Transit Kanuti stop 263 m · Mere puiestee stop 319 m · Ahtri stop 321 m

Grocery stores Rimi Mini 193 m · Kehrwiederi Röstikoda 295 m · Vanalinna Coop Konsum 306 m

Parks and green areas Roheline turg 130 m · Šoti park 163 m · Kanuti aed 191 m

Schools Püha Miikaeli Kool 50 m · Vanalinna Hariduskolleegium 143 m · Tallinna Vanalinna Täiskasvanute Gümnaasium 344 m

Kindergartens Lasteaed Aiake 167 m · Tallinna Kiisupere Lasteaed (Peahoone) 676 m · Tallinna Kiisupere Lasteaed 692 m

Radon in soil Normal · 30–50 kBq/m³. A soil-gas reading, not the flat’s indoor air; mainly relevant to basements and ground floors.

Noise Estimated level is 10 dB above the WHO recommended level (53 dB Lden).

Incident level Counts incidents reported to the police for the surrounding ~0.7 km² cell, not how safe it feels.

The indicators describe the area, not a specific apartment. Sources: Estiq database (stops, shops, parks, schools, kindergartens; OpenStreetMap, EHIS), Environmental Agency (air), Police and Border Guard Board (incidents), Geological Survey of Estonia (radon), Estiq noise model. How we calculate this

Price trend and transactions: Vanalinna subdistrict, built 1940-1970

Notarial transactions per Land Board data: Vanalinna subdistrict · built 1940-1970 (compared with Kesklinn district)

Vanalinna (1940-1970) Kesklinna (1940-1970) Transaction count Model forecast

€3 949 /m²

View detailed quarterly statistics (9 quarters) ▾

Quarter	Vanalinna €/m²	Kesklinna €/m²	Transactions (pcs)
2024 Q4	–	€3 108	129 deals
2025 Q1	–	€3 276	2 deals
2025 Q2	–	€3 068	4 deals
2025 Q3	–	€3 193	4 deals
2025 Q4	€3 598	€3 141	6 deals
2026 Q1	€4 706	€3 373	7 deals
2026 Q2	€4 265	€3 464	5 deals
2026 Q3	€3 949	€3 340	6 deals
2026 Q4 (forecast)	€3 992	–	–

Square metre prices in Vanalinna subdistrict for cohort 1940-1970 changed — over the past 12 months (compared to Kesklinn district +4.6%), with 2–7 deals per quarter.

Evidence and calculation basis (EHR & Land Board)

Quarterly transaction prices (Land and Spatial Development Board)

9 quarters

Quarter	Vanalinna (€/m²)	Kesklinna (€/m²)	Notarial transactions
2024 Q4	–	€3 108	129 deals
2025 Q1	–	€3 276	2 deals
2025 Q2	–	€3 068	4 deals
2025 Q3	–	€3 193	4 deals
2025 Q4	€3 598	€3 141	6 deals
2026 Q1	€4 706	€3 373	7 deals
2026 Q2	€4 265	€3 464	5 deals
2026 Q3	€3 949	€3 340	6 deals
2026 Q4 (forecast)	€3 992	–	–

Registry data (EHR and cadastre)

6/8 fields filled in register (completeness, not verification)

Year built	1940
Apartments in building	9
Floors / lifts	3 floors
Structure
Heating
Plot	0 m² ·
EHR code	101020592
Cadastre	78401:101:3350

Frequently asked questions

What do apartments at Olevimägi 16 cost?

As of 09.11.2026, the Estiq model baseline at Olevimägi 16 is €4 086/m² (range €3 698–4 474/m², ±9.5%). That is +9.6% against the Kesklinna sales median across all build years (€3 728/m²).

How many apartment sales were there in Vanalinna?

Land and Spatial Board transaction statistics show 24 apartment sales in Vanalinna in the last four completed quarters, in buildings of the same era (1940-1970).

Are sale prices for flats at Olevimägi 16 public?

The Land and Spatial Board publishes transaction statistics by area, not by address. Estiq therefore shows sales in same-era buildings (1940-1970) in Vanalinn: 24 in the last four completed quarters. The price level for this building is a model estimate, not a sale price.

Does the online estimate replace a bank valuation (EVS 875)?

No. The Estiq figure is a statistical model estimate. For a mortgage the bank requires a licensed valuer's report under EVS 875.

Which sources does the data for Olevimägi 16 come from?

Building data comes from the Estonian Register of Construction Works (EHR), transaction statistics from the Land and Spatial Board, association finances from annual reports filed with the Business Register, and the estimate from the Estiq market database. Latest data as of 09.11.2026. Methodology: https://estiq.ee/en/methodology.

What are the nearest shop, school, park and transit stop to Olevimägi 16?

What is the area around Olevimägi 16 like: safety, air, noise and radon?

Police open data list 190 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: above average). Air: of the last 12 months' hourly readings, 50% were in the two best classes and 16% in the two worst (level: elevated). Estimated road noise at the building is 63 dB (Lden). Radon in soil gas: normal (30–50 kBq/m³). These describe the area, not a specific apartment.

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Olevimägi: apartment buildings and association costs

4 buildings · median €4 045/m² · built 1940–1994 · median association cost 1,98 €/m²/mo (3 associations)

Olevimägi
Address	Built	€/m²	Typical flat	Energy	Assoc. €/m²/mo	Flat / month	Association
Olevimägi 2	1940	€4 004	~€360 203	E ~	1,53	≈ €372	KÜ report 2025 →
Olevimägi 3	—	€4 440	~€130 784	—	5,85	≈ €167	KÜ report 2025 →
Olevimägi 9	1994	€3 695	~€215 667	E	1,98	≈ €265	KÜ report 2025 →
Olevimägi 16 · this building	1940	€4 086	~€230 940	E ~	–	–	–

Association cost comes from the latest filed annual report (€/m² per month and the median flat’s monthly payment); for an association managing several buildings the figure is association-wide. “–” means no reliable report or estimate. €/m² is an Estiq market-database estimate and the typical flat follows the building’s typical unit; “~” beside an energy class marks an estimate from construction year.

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