Baldwin bought the home for $515,000 back in 1997 and restored it. He had it on the market in 2006 for $3.4 million but took it off the market when it failed to sell. At the time it was said that Baldwin put his house on the market because of his frustration with a sex shop that had opened in his neighborhood but Page Six said that the real reason the born-again Christian put the home one the market was because he was in need of cash and owed back taxes. The sex shop changed plans after facing public pressure led by Baldwin.
LoHud.com reports that Bankers Trust will receive the first $824,488.36 brought in by the auction, followed by National City and taxing agencies, according to the county foreclosure papers, which were filed in late April. Listing pics from back in 2006 are in the gallery below.
[via Perez Hilton]
UPDATE: Baldwin's rep told People that the situation will be resolved and no auction will take place.
Gallery: Stephen Baldwin In New York
Gallery: Celebrity Foreclosures