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Tuesday, April 18, 2006
Stephen Baldwin strapped for cash

THE real reason Stephen Baldwin is selling his luxurious Rockland County home is that the born-again Christian is cash-strapped and owes the government "a crapload of money" in back taxes, a source shares.

And "The Usual Suspects" actor's father-in-law, Eumir Deodato, who has loaned Baldwin money in the past, refuses to cough up any more cash, so Baldwin is being forced to downsize.

It might take a while. The house, a four-bedroom Victorian built in 1850, is overpriced at $3.4 million and has been on the market since February, shares a Rockland real estate insider.

"It's worth nowhere near what he's asking," the source said.

And while it does have views of the Hudson River, a selling point, "It's on a busy road and does not have a great river view."

The third-most famous of the acting Baldwin brothers - including Alec, Billy and Daniel - Stephen bought the 3,100-square- foot house in 1997 for $515,000. He's since renovated and increased the size of the kitchen and built a four-car garage with an office suite above it.

Local experts say the property in the Upper Grandview section of Nyack is worth about $2.8 million.

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