Paekalda tänav 16, Tallinn

Paekalda tn 16 is a 5-story apartment building constructed in 2022, located in Lasnamäe linnaosa, comprising 48 apartments. The EHR registry code is 120307652 and cadastral ID is 78403:304:0014. Estiq reports energy class B.

The Estiq AVM model estimate is 3 793 €/m². The valuation range spans 3 505–4 081 €/m². The calculated fair value of a typical 2-room apartment is approximately €165 946.

Based on the 3 793 €/m² benchmark, a 50 sqm apartment is indicatively valued at €189 650 and a 75 sqm apartment at €284 475. Actual value depends on interior condition, floor, parking, and storage.

1-room: €120 531–€140 358; 2-room: €174 610–€203 334; 3-room: €252 496–€294 032; 4-room: €304 075–€354 095.

The model-based indicative asking price is approximately €4 168/m² (for the typical 2-room unit, about €174 243), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €660–€810 per month, generating an estimated gross yield of 4,8–5,8%.

Buying means a loan payment of about €686 a month, renting €660–€810 — the loan payment is 7% below the rent. That is 32% (loan) and 35% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (41.8 m²) at €165,946 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €33,189 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 10 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: moderate). Air: of the last 12 months' hourly readings, 83% were in the two best classes and 3% in the two worst (level: moderate). Estimated road noise at the building is 57 dB (Lden). Radon in soil gas: high (100–150 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €2.29/m² per month in total including utilities; a typical flat paid €114 per month. Association fees excluding utilities were €0.85/m² per month. The repair fund held €6 788 at year end. The association had no loans. For comparison, the median of 537 associations in Lasnamäe district was €2.70/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.