Rick Siskey home sells for less than $5.5M asking price

The former home of Rick Siskey has sold for $4.5 million.
The former home of Rick Siskey has sold for $4.5 million.

The home of the late Rick Siskey has sold for $4.5 million, $1 million less than the asking price, according to documents filed with the Mecklenburg County Register of Deeds.

Siskey’s widow, Diane, sold the property Aug. 9 to a limited liability company called 3545 Sharon Road LLC, named after the home’s address. The company was registered July 24 by Ruth Dromgoole, according to N.C. Secretary of State records. She could not be immediately reached for comment Monday.

The home went up for sale in April, five months after Rick Siskey, 58, took his own life in December. Days before his death, court filings gave the first public indication that he was under investigation for fraud, and an FBI affidavit unsealed in January alleged he was operating a Ponzi scheme for years.

The Siskeys paid nearly $3 million in 1999 for the 6,000-square foot mansion in SouthPark. The home, known for its vast front lawn, has six bedrooms, five full bathrooms and four half baths, plus a pool house and a “man cave” where Rick Siskey kept his since-auctioned car collection.

The house has been under contract with an unidentified buyer since July, and last week a federal judge released a claim on the property as the sale moved toward a closing. A Realtor representing the seller could not be reached, and a realtor representing the buyer declined to comment.

Four Siskey companies have been pushed into federal bankruptcy court in Charlotte, and filings show that more than 100 investors have submitted claims exceeding $49 million. A court-appointed bankruptcy trustee, Joe Grier, is still examining the claims and combing through Siskey’s assets. Final claims are due Aug. 23.

Diane Siskey has indicated she plans to use the proceeds toward repaying investors.

“This is an important step towards resolving this matter,” Siskey’s attorney, Thomas Walker, said in a statement Monday.

Rick Rothacker: 704-358-5170, @rickrothacker