Super Bowl Champ Tom Brady Buys 3.6 Acres in Brentwood Section of LA
Tom Brady is buying 3.6 acres of expensive land in California. 11 million dollars worth of dirt just down the road from movie star and Governor Arnold Schwarzenegger. But think about this, Brady has purchased the land for 11 million and you use the rule of thumb that building should be 3 times the cost of land you are looking at a 44 million dollar investment.
Now Tom Brady can afford it. He is one of the top quarterbacks in the NFL leading the New England Patriots to 3 Super Bowls. He is a spokesmodel extrodinaire. He gets huge fees for speaking. And he is a University of Michigan product.
But you have to wonder at the investment that he is making in a property across the country from his job right before the season starts.
TMZ is in possession of documents that show that Tom took out a mortgage of $8.225 mil that he will pay back in 5 years. The property — approximately 3 acres — was purchased under the name TGBE. We’re wondering if the G stands for you know who…
A source connected to Brady tells us he bought the west coast property to be closer to his kid. A source connected to his baby mama Bridget Moynahan says that excuse is total B.S.
There were blueprints for a 20,000-square ft. house already drawn up, but Brady nixed those because the pad wasn’t big enough. via TMZ.com
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Comment by Adexland.com | Arizona land sale on 11 September 2008:
On that note I also heard that He was going to buy some land near a ranch that Drew Bledsoe has in Central oregon. I hope his knee heals quick.