Paekalda tänav 23/1, Tallinn

Paekalda tn 23/1 is a 8-story apartment building constructed in 2023, located in Lasnamäe linnaosa, comprising 49 apartments. The EHR registry code is 121349448 and cadastral ID is 78403:304:0027. Estiq reports energy class A.

The Estiq AVM model estimate is 3 921 €/m². The valuation range spans 3 623–4 219 €/m². The calculated fair value of a typical 2-room apartment is approximately €179 399.

Based on the 3 921 €/m² benchmark, a 50 sqm apartment is indicatively valued at €196 050 and a 75 sqm apartment at €294 075. Actual value depends on interior condition, floor, parking, and storage.

2-room: €176 289–€205 289; 3-room: €268 114–€312 220; 4-room: €320 994–€373 799.

The model-based indicative asking price is approximately €4 271/m² (for the typical 2-room unit, about €188 369), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €680–€840 per month, generating an estimated gross yield of 4,6–5,6%.

Buying means a loan payment of about €742 a month, renting €680–€840 — about the same. That is 35% (loan) and 36% (rent) of the median gross wage (Tallinn, €2,126, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (44.1 m²) at €179,399 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €35,880 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 9 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: few incidents). 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 €2.83/m² per month in total including utilities; a typical flat paid €171 per month. Association fees excluding utilities were €1.35/m² per month, of which €0.26/m² to the repair fund. The repair fund held €5 642 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.