Nelgi tee 3, Viimsi

Nelgi tee 3 is a 4-story apartment building constructed in 2003, located in Viimsi alevik, comprising 49 apartments. The EHR registry code is 120216174 and cadastral ID is 89001:010:1539. Estiq reports energy class D.

The Estiq AVM model estimate is 3 518 €/m². The valuation range spans 3 184–3 852 €/m². The calculated fair value of a typical 2-room apartment is approximately €149 867.

Based on the 3 518 €/m² benchmark, a 50 sqm apartment is indicatively valued at €175 900 and a 75 sqm apartment at €263 850. Actual value depends on interior condition, floor, parking, and storage.

1-room: €104 972–€127 011; 2-room: €143 907–€174 120; 3-room: €185 205–€224 088; 4-room: €283 975–€343 594.

The model-based indicative asking price is approximately €3 694/m² (for the typical 2-room unit, about €157 360), allowing a 3–5% negotiation buffer.

A 2-room apartment in good condition has an estimated market rent of €560–€680 per month, generating an estimated gross yield of 4,5–5,5%.

Buying means a loan payment of about €620 a month, renting €560–€680 — about the same. That is 36% (loan) and 36% (rent) of the median gross wage (Viimsi vald, €1,710, Q2 2026, Statistics Estonia). Assumes the typical 2-room flat (42.6 m²) at €149,867 (Estiq estimate), an 80% loan over 25 years at 3.8% and a €29,973 down payment; rent from nearby offers; association and state fees excluded.

Police open data list 77 recorded incidents in the surrounding ~0.7 km² cell over 24 months (incident level: high). Air: of the last 12 months' hourly readings, 75% were in the two best classes and 7% in the two worst (level: moderate). Estimated road noise at the building is 46 dB (Lden). Radon in soil gas: high (150–250 kBq/m³). These describe the area, not a specific apartment.

According to the apartment association's 2025 annual report, owners paid on average €3.74/m² per month in total including utilities; a typical flat paid €156 per month. Association fees excluding utilities were €1.03/m² per month, of which €0.40/m² to the repair fund. The association had no loans. For comparison, the median of 24 associations in Viimsi alevik was €3.05/m² per month. From 2022 to 2025 association fees changed by +57% in total; the repair fund went from €12 713 (2022) to €0 (2024). 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.