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Estiq Value / Tallinn / Kesklinna / Pärnu mnt / Pärnu mnt 124
✓ Verified May 1, 2026 Kesklinna · Tallinn

Pärnu mnt 124, Tallinn

Built in 1946, this 2-story residential building is located in Kesklinna linnaosa · 8 apartments · estimated energy class E.

Pärnu mnt 124, Tallinn hoone ja korterite väärtuskaart
2 floors 8 apartments EHR 101024183 ↗ Cadastre 78401:118:2510 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 Kesklinna specialist

Automated Market Valuation & Building Benchmark

Pärnu mnt 124 is a 2-storey residential building built in 1946, with 8 apartments, estimated energy class E. The Estiq AVM benchmark is €3 270/m², 17.3% below the Kesklinna median (notarised apartment transaction median €3 952/m²).

Pärnu mnt 124 is a 2-storey residential building completed in 1946 in Kesklinna, with 8 apartments. Load-bearing structure: Timber Frame (EHR register). The most common unit type is 2-room apartments (6 of them). Energy class E (estimated from construction year).

Based on the Estiq valuation model and Land Board transaction registries, the building price benchmark is 3 270 €/m², which is approximately 17.3% below the Kesklinna median (notarised apartment transaction median €3 952/m²). The building demonstrates high transaction liquidity for 2-room units, with a typical market value of around €125 568.

✓ Well Suited For

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

⚠ Key Considerations

Estimated energy class E, open surface parking, and 1946 construction vintage.

€480–€570/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 6 35.7 – 42.9 m² €3 270 €110 500–€140 636
3-room 2 60.1 m² €3 139 €166 015–€211 292
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 · 38.4 m² 3-room · 60.1 m²
− 38,4 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
€130 568
ca €3 400 / m² · model estimate
Suggested Listing Price €137 096
Expected Monthly Rent €480–€570/mo
Price per m² €3 400/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
7 / 10
Location & Transit9,2

Tallinn-Väike stop 106 m / 1 min; fast connection to city centre.

Weight 20%
Education & Schools4,9

Tallinna Humanitaargümnaasium 1060 m; state exams rating 56.1/100; kindergarten 1237 m.

Weight 15%
Air Quality & Environment7,2

AQI 1 (good), noise level 57 dB (noticeable), modelled (Lden), nearest park Räägu park 1250 m. Sources: Estiq noise model (CNOSSOS-EU); Estiq air-quality index derived from Keskkonnaagentuur data.

Weight 10%
Safety & Crime Risk7,5

Police open data (PPA): stable local safety baseline (1y trend: -50.9%), compliant fire safety standards.

Weight 10%
Condition & Vintage5,9

Built in 1946; load-bearing structure Timber Frame.

Weight 15%
Energy Efficiency & Heating5,2

No certificate is registered; the construction year (1946) implies an expected class of E. Heating type District Heating.

Weight 10%
Lifestyle & Infrastructure7,4

Räägu park 1250 m; grocery stores 812 m.

Weight 10%
Market Liquidity & Demand8,3

Land Board transaction volume in this micro-location (516 transactions over 12–18 mo. in the "built 1940-1970" cohort).

Weight 10%

Price Trends & Sales Strategy

Transactions in last 12 months · Land Board · Kesklinna · built 1940-1970 cohort.

Quarterly sales price €/m² (Sample: 516 deals · built 1940-1970)
Sales ✨ Next Q Forecast +11.3% YoY
Pärnu mnt 124 AVM benchmark: €3 270/m² €3 003 2025 Q2 113 deals €3 168 2025 Q3 116 deals €3 143 2025 Q4 129 deals €3 375 2026 Q1 108 deals €3 342 2026 Q2 50 deals €3 440 2026 Q3 ✨ Forecast

Sales Strategy

AVM Fair Market Value
€3 270/m²
Price Band
€2 878–3 662
Suggested Listing Price
€131 846
Asking Price€3 434/m²
Negotiation room~3–5%

Location Map & 10-Min Proximity

Within a 10-minute walk, there are 10 key infrastructure facilities · Coordinates 59.412883, 24.738234 · Cadastre 78401:118:2510.

🚏 Tallinn-Väike stop
Transit Stop · Bus / Local transit
106 m · 1 min
🚏 Tallinn-Väike stop
Transit Stop · Bus / Local transit
251 m · 3 min
🚏 Tondi stop
Transit Stop · Bus / Local transit
297 m · 4 min
🚏 Tondi stop
Transit Stop · Bus / Local transit
348 m · 5 min
🛒 Kotka Selver
Supermarket · Groceries & daily goods
812 m · 11 min
🎓 Tallinna Humanitaargümnaasium
School · Exam rating: 56.1/100
1060 m · 14 min
🎓 Tallinna Ühisgümnaasium
School · Exam rating: 60.2/100
1087 m · 14 min
🎓 Tallinna Kristiine Gümnaasium
School · Exam rating: 54.1/100
1214 m · 16 min
🧒 Tallinna Virmalise Lasteaed
Kindergarten · Alusharidus
1237 m · 16 min
🌳 Räägu park
Park · Roheala
1250 m · 17 min
Exceptional walking accessibility underpins the strong micro-location rating of this building.

Neighborhood Vintage & Demographics: Kesklinna linnaosa

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

Resident Age Distribution

64 551 residents
0–17 (Children & youth) 19.9% · 12 854
18–64 (Working age) 67.2% · 43 399
65+ (Seniors & retirees) 12.9% · 8 298

Education Level (15+)

53 514 residents
Basic or primary education 9.4% · 5 016
Secondary / vocational education 28% · 14 969
Higher education (BSc, MSc, PhD) 59% · 31 582
Education unknown 3.6% · 1 947

Construction Era & Housing Stock

36 655 dwellings
Pre-War & Historic (< 1945) 34.5% · 12 631
Soviet Era (1946–1990) 33.1% · 12 127
Post-Independence (1991–2010) 19.2% · 7 050
Modern Developments (2011+) 11.7% · 4 298

Peak construction era: 1919–1945.

Energy Efficiency Distribution A–G

36 656 dwellings
A 4% · 1 468
B 7.7% · 2 830
C 9.7% · 3 539
D 9.6% · 3 512
E · this building 34.6% · 12 676
F–G 34.5% · 12 631

Building Technical Profile (At a Glance)

Official parameters verified against EHR and Land Board registries.

Year Built1946
Total Apartments8
Floors2
Energy ClassE ~
Land Ownership100% Residential Land (Freehold)
Plot Size3 593 m²
Heating SystemDistrict Heating
Load-bearing StructureTimber Frame
Elevators0
Staircases2
Parking Spaces39
Noise Level57 dB · noticeable

EHR Technical Audit & Official Registries

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

Audits Valid

EHR · Building Register

Code 101024183 · primary occupancy permit issued.

Occupancy Permit Active

Timber Frame. 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

78401:118:2510 · plot area 3 593 m².

100% Residential Land (Freehold)

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

Apartment buildings on Pärnu mnt

72 buildings on the street · street median €3 718/m² (n=72) · real-time filterable comparison.

Address Year Built Estiq €/m² Typical Unit Energy Class
Pärnu mnt 5 1900 €4 783 ~€235 307 C ~ View →
Pärnu mnt 6 1933 €4 918 ~€241 977 H View →
Pärnu mnt 8 1937 €4 632 ~€227 910 E ~ View →
Pärnu mnt 21/1 2002 €4 328 ~€212 914 E ~ View →
Pärnu mnt 21/2 2026 €4 158 ~€204 594 C View →
Pärnu mnt 23 1934 €4 234 ~€208 302 E ~ View →
Pärnu mnt 25 1963 €4 284 ~€210 763 G View →
Pärnu mnt 27 1928 €4 303 ~€211 720 C ~ View →
Pärnu mnt 124 This building 1946 €3 270 ~€125 568 E ~ 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 · 101024183 Ministry of Regional Affairs last synced · 01.05.2026 Valid
Cadastral Unit & Land Zoning Land & Spatial Board · 78401:118:2510 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 Low Energy Building Very high thermal performance
C Energy Efficient Good standard efficiency
D Average / Refurbished Moderate heating expenses
E · this building 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 1946: technical utility systems require periodic updating and capital maintenance.
  • Estimated energy class E: expected winter heating expenses are higher than modern A/B developments.
  • 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 Pärnu mnt 124, Tallinn?

Pärnu mnt 124 is a 2-story apartment building constructed in 1946, located in Kesklinna linnaosa, comprising 8 apartments. The EHR registry code is 101024183 and cadastral ID is 78401:118:2510. Estiq reports estimated energy class E.

What is the average price per sqm and market value for apartments at Pärnu mnt 124?

The Estiq AVM model estimate is 3 270 €/m². The valuation range spans 2 878–3 662 €/m². The calculated fair value of a typical 2-room apartment is approximately €125 568.

How much does a 40 sqm or 50 sqm apartment cost at Pärnu mnt 124?

Based on the 3 270 €/m² benchmark, a 40 sqm apartment is indicatively valued at €130 800 and a 50 sqm apartment at €163 500. Actual value depends on interior condition, floor, parking, and storage.

How are apartment prices distributed by room count?

2-room: €110 500–€140 636; 3-room: €166 015–€211 292.

At what asking price should a seller list?

The strategic recommended listing price is approximately €3 434/m² (for a 2-room unit, about €131 846), 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 €480–€570 per month, generating an estimated gross yield of 4,6–5,4%.

Is Pärnu mnt 124 a good rental investment?

Data indicates that compact apartment layouts, proximity to transit (106 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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