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Sold for $1,210,000
  • $1,210,000

    4040 Porte De Palmas Unit 31, San Diego, CA 92122

    3beds
    1,721sqft
    Condominium
    Built in 1985
    -- sqft lot
    $1,208,900 Zestimate®
    $703/sqft
    $4,955 Estimated rent

    Home value

    $1,208,900

    $1.11M - $1.31M

    $4,955/mo

    Zestimate® history
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    What's special

    This beautifully updated 3-bedroom townhome is set within the sought-after Madrid community at La Jolla Colony and offers tranquil views of the lush, tree-filled surroundings. Thoughtful upgrades include gorgeous plank flooring throughout and soaring ceilings that enhance the home’s sense of space and openness. The remodeled kitchen opens seamlessly to the main living spaces, making it ideal for both everyday living and entertaining. The inviting living room is anchored by a cozy gas fireplace and features a sliding glass door that opens directly to a private, gated patio—perfect for indoor-outdoor living, morning coffee, or evening relaxation. The spacious primary suite offers a large walk-in closet and a well-appointed en-suite bathroom, while an additional bedroom also features its own walk-in closet, providing excellent storage and flexibility. Residents enjoy resort-style amenities including a pool, relaxing spa, beautifully maintained landscaped grounds, and ample guest parking, all complemented by low HOA dues that enhance long-term value. The home also features a convenient 2-car attached garage, offering secure parking and additional storage. The Madrid community is ideally positioned near neighborhood shopping, local parks, UCSD, and major freeway access, making daily errands and commuting effortless. This prime La Jolla Colony location offers a rare balance of peaceful, community-oriented living with close proximity to beaches, dining, and cultural destinations—delivering a comfortable, low-maintenance lifestyle in one of La Jolla’s most desirable settings.

    Zillow last checked:

    Listing updated:

    Listed by:

    Patrick H Mercer DRE #01964971 619-846-2083,

    Keller Williams La Jolla

    Bought with:

    Jorge Alvarez, DRE #02047054

    Compass

    Source: SDMLS,MLS#: 260002355MLS LogoOriginating MLS: SDMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced Air Unit
    Cooling
    • Central Forced Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Electric Oven, Electric Stove
    • Laundry: Electric, Gas
    Features
    • Number of fireplaces: 1
    • Fireplace features: FP in Living Room
    Interior area
    • Total structure area: 1,721
    • Total interior livable area: 1,721 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Garage spaces: 2
    Features
    • Levels: 3 Story
    • Stories: 2
    • Pool features: Community/Common
    • Fencing: Stucco Wall
    Details
    • Parcel number: 3473900431

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Stucco
    • Roof: Tile/Clay
    Condition
    • Year built: 1985

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Meter Paid/Not In

    Community & HOA

    Community
    • Features: BBQ, Clubhouse/Rec Room, Exercise Room, Pool, Spa/Hot Tub
    • Subdivision: UNIVERSITY CITY
    HOA
    • Services included: Common Area Maintenance, Exterior (Landscaping), Hot Water, Trash Pickup, Water
    • HOA fee: $525 monthly
    • HOA name: Madrid
    Location
    • Region: San Diego

    Financial & listing details

    • Price per square foot: $703/sqft
    • Tax assessed value: $947,124
    • Annual tax amount: $11,883
    • Date on market: 1/30/2026
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/26/2026Listing removed$5,300$3/sqft
    Source: Zillow Rentals Report a problem
    4/15/2026Listed for rent$5,300+1%$3/sqft
    Source: Zillow Rentals Report a problem
    3/26/2026Sold$1,210,000-2.3%$703/sqft
    Source: SDMLS #260002355 Report a problem
    2/25/2026Pending sale$1,238,000$719/sqft
    Source: SDMLS #260002355 Report a problem
    2/12/2026Price change$1,238,000-3.1%$719/sqft
    Source: SDMLS #260002355 Report a problem
    1/31/2026Listed for sale$1,278,000+46.1%$743/sqft
    Source: SDMLS #260002355 Report a problem
    7/21/2024Listing removed--
    Source: Zillow Rentals Report a problem
    7/13/2024Listed for rent$5,250+16.9%$3/sqft
    Source: Zillow Rentals Report a problem
    10/17/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/7/2022Price change$4,490-8.4%$3/sqft
    Source: Zillow Rental Manager Report a problem
    10/3/2022Price change$4,900-9.3%$3/sqft
    Source: Zillow Rental Manager Report a problem
    10/2/2022Listed for rent$5,400$3/sqft
    Source: Zillow Rental Manager Report a problem
    3/16/2021Sold$875,000+28.1%$508/sqft
    Source: Public Record Report a problem
    3/6/2017Sold$683,000-5.5%$397/sqft
    Source: Public Record Report a problem
    6/1/2005Sold$722,500+455.8%$420/sqft
    Source: Public Record Report a problem
    8/30/1996Sold$130,000-35%$76/sqft
    Source: Public Record Report a problem
    2/6/1995Sold$200,000$116/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,883 +3.9%$947,124 +2%
    2024$11,435 +2.2%$928,554 +2%
    2023$11,183 +2.7%$910,348 +2%
    2022$10,886 +20.2%$892,499 +21.9%
    2021$9,054 +1.2%$732,310 +1%
    2020$8,944 +2.2%$724,802 +2%
    2019$8,754 +6.6%$710,592 +2%
    2018$8,213 +14.6%$696,659 +14.2%
    2017$7,164 -0.4%$610,000
    2016$7,191 +1.6%$610,000 +1.7%
    2015$7,076 -0.4%$600,000
    2014$7,103 $600,000 +15.4%
    2013-- $520,000
    2012-- $520,000 -8.8%
    2011-- $570,000
    2010-- $570,000 -7.3%
    2009-- $615,000 -7.5%
    2008-- $665,000 -11.5%
    2007-- $751,689 +2%
    2006-- $736,950 +215.4%
    2005-- $233,679 +2%
    2004-- $229,098 +1.9%
    2003-- $224,900 +2%
    2002-- $220,491 +2%
    2001-- $216,169
    Find assessor info on the county website

    Neighborhood: University City

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,208,900
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    Estimated market value
    $1,208,900