Sir Tom In the News, What's New, Pussycat?
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If You Care/For the Record
Monday, October 23rd, 2006
Well, we really don’t care, but Nicolas Cage is selling “Dean Martin’s house” on Copa d’Oro. And, now, at long last, the papers are calling it “Tom Jones’s house,” just as the man predicted so long ago.
As we said, we don’t really care, but we wonder if the fact that Cage paid $7 million for it seven years ago and, put it on the market for $35 million is something that the immediate-past owner might care about.
October 24th, 2006 at 3:46 am
My sentiments exactly! I was wondering how a home bought 7 years ago should go up so much in price. Although it hasn’t been sold yet so we’ll have to wait and see. If I were Tom I would be ticked off that I might have gotten more for the home 7 years ago.
October 24th, 2006 at 1:39 pm
I read in the L.A. Times Real Estate section recently (and this is from memory) that it has to do with home prices in the ZIP code — real estate has skyrocketed in California. He (Nic Cage) also has done upgrades/improvements over the years, although the paper didn’t say what they were. And lastly they cited the spacious of the house and size of the property compared with others nearby. I didn’t quite connect that this property was previously Mr. Jones’s. Nic Cage has a number of houses and that he has a tendency to buy one, keep it for awhile and then sell after several years. I’ve often wondered if he is intentionally flipping or just gets tired of them after awhile and has just been lucky with the market.
October 25th, 2006 at 11:38 am
I’m wondering if anyone knows where Tom moved after the sale of this home? Does he still reside in Los Angeles?
October 25th, 2006 at 1:10 pm
Yes, Chris, he lives in a gated community in LA.