Kevin Spacey the Bethesda-based investor is embroiled in a legal dispute after allegedly refusing to vacate his Baltimore mansion following its foreclosure. Investor Sam Asgari purchased the property for $3.24 million during a foreclosure auction at the Baltimore Circuit Court but now faces difficulties in taking possession.
The waterfront mansion, which stretches out onto the Patapsco River, was acquired by Asgari at what appeared to be a bargain price.However, the situation has become complicated as Spacey, reportedly, is not cooperating with the handover. “Right now, he’s refusing to leave,” Asgari told the Baltimore Banner, explaining that Spacey has requested six months to remain in the home without paying rent. This has prompted Asgari to enter negotiations with Spacey’s legal team.
Spacey’s attorney, Edward U. Lee III, has denied these claims, stating, “The accusation by Mr. Asgari is false.” The Post has reached out to Lee for further comment.
The mansion, once referred to as “Baltimore’s most extraordinary home,” became Spacey’s primary residence after he was dismissed from the Netflix series “House of Cards” following sexual assault allegations. Originally purchased for $5.65 million in 2017, Spacey’s financial struggles have led to the foreclosure, as he defaulted on $20,230 monthly mortgage payments.
Asgari, known for purchasing notable properties such as the childhood home of Baltimore legend Johns Hopkins, has been attempting to gain control of the mansion for nearly three weeks. After making a $100,000 deposit, he awaits court ratification of the sale to begin possible eviction proceedings, potentially with law enforcement assistance.
Real estate agent Sam Sheibani from Compass, who previously listed the home, remarked, “The sale of Mr. Spacey’s home marks the end of an era and the beginning of a new chapter for this iconic home.” Sheibani added, “This transaction is not just a real estate milestone but also a reflection of the deep history and unique architecture of Baltimore.”
Spacey’s ongoing financial troubles were highlighted in a June interview with Piers Morgan, where he revealed his debt struggles and uncertainty about his future living arrangements. He admitted, “I’m not quite sure where I’m going to live now,” as he deals with mounting legal fees and has had to move his belongings into storage.
Despite being acquitted of sexual assault charges in London and a favorable jury decision in a Manhattan case, Spacey’s legal and financial challenges persist.
Meanwhile, Spacey’s story is explored in the documentary “Spacey Unmasked,” now streaming on Max, which the actor criticized for its lack of fairness. Friends such as Sharon Stone and Liam Neeson have shown support for Spacey during these turbulent times.
In Baltimore, Spacey has maintained a low profile, occasionally spotted walking his dog or dining at the upscale Sagamore Pendry hotel. However, with the potential eviction looming, Spacey’s future residence is uncertain, leaving many wondering if he will return to his roots on the stage, perhaps at Baltimore’s Keystone Korner jazz club, where he previously performed.
The waterfront mansion, which stretches out onto the Patapsco River, was acquired by Asgari at what appeared to be a bargain price.However, the situation has become complicated as Spacey, reportedly, is not cooperating with the handover. “Right now, he’s refusing to leave,” Asgari told the Baltimore Banner, explaining that Spacey has requested six months to remain in the home without paying rent. This has prompted Asgari to enter negotiations with Spacey’s legal team.
Spacey’s attorney, Edward U. Lee III, has denied these claims, stating, “The accusation by Mr. Asgari is false.” The Post has reached out to Lee for further comment.
The mansion, once referred to as “Baltimore’s most extraordinary home,” became Spacey’s primary residence after he was dismissed from the Netflix series “House of Cards” following sexual assault allegations. Originally purchased for $5.65 million in 2017, Spacey’s financial struggles have led to the foreclosure, as he defaulted on $20,230 monthly mortgage payments.
Asgari, known for purchasing notable properties such as the childhood home of Baltimore legend Johns Hopkins, has been attempting to gain control of the mansion for nearly three weeks. After making a $100,000 deposit, he awaits court ratification of the sale to begin possible eviction proceedings, potentially with law enforcement assistance.
Real estate agent Sam Sheibani from Compass, who previously listed the home, remarked, “The sale of Mr. Spacey’s home marks the end of an era and the beginning of a new chapter for this iconic home.” Sheibani added, “This transaction is not just a real estate milestone but also a reflection of the deep history and unique architecture of Baltimore.”
Spacey’s ongoing financial troubles were highlighted in a June interview with Piers Morgan, where he revealed his debt struggles and uncertainty about his future living arrangements. He admitted, “I’m not quite sure where I’m going to live now,” as he deals with mounting legal fees and has had to move his belongings into storage.
Despite being acquitted of sexual assault charges in London and a favorable jury decision in a Manhattan case, Spacey’s legal and financial challenges persist.
Meanwhile, Spacey’s story is explored in the documentary “Spacey Unmasked,” now streaming on Max, which the actor criticized for its lack of fairness. Friends such as Sharon Stone and Liam Neeson have shown support for Spacey during these turbulent times.
In Baltimore, Spacey has maintained a low profile, occasionally spotted walking his dog or dining at the upscale Sagamore Pendry hotel. However, with the potential eviction looming, Spacey’s future residence is uncertain, leaving many wondering if he will return to his roots on the stage, perhaps at Baltimore’s Keystone Korner jazz club, where he previously performed.
