Kansas City Chiefs quarterback Patrick Mahomes and his wife, Brittany Mahomes, have successfully sold their former home for a substantial profit.
The couple had invested nearly $400,000 in renovating the ranch-style house located in the upscale Sunset Hill subdivision in Cass County, Missouri, before listing it for sale at $2.9 million in mid-June.
The three-bedroom, five-bathroom home quickly found a new owner less than two weeks after being listed. The property was purchased by a trust in the name of David Bradley III, who is also known as Rall. Bradley is associated with the BERKS Group, an investment firm in Kansas City, and is connected to the family-owned News-Press Gazette Co, where his father, David Bradley, serves as Chairman and CEO. Bradley’s engagement to Amy Elizabeth Trader was also recently announced in The Independent.
The former Mahomes residence boasts an open-concept interior with amenities such as a hot tub, heated pool, putting green, and a spacious five-car garage, all situated on a 1.4-acre lot.
The sale of their former home likely yielded a significant profit for the Mahomes, who had initially purchased the property for an estimated $1.9 million in 2019. Patrick Mahomes, known for his lucrative NFL contract and endorsement deals, and his wife also own a 7,800-square-foot mansion in Westlake, Texas, which they acquired for $3.37 million in March 2020, according to The New York Post.
It seems that Patrick Mahomes and his wife made a substantial profit from selling their former home after investing in renovations. How do you think celebrities like Mahomes can leverage their real estate investments to maximize their wealth and financial security? Leave us a comment.