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ALTISOURCE ANNOUNCES WIND DOWN AND CLOSURE OF OWNERS.COM TO INCREASE FOCUS ON CORE BUSINESSES

Luxembourg, October 8, 2019 - Altisource Portfolio Solutions S.A. ("Altisource" or the "Company") (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it decided to wind down and close Owners.com’s operations. The Company believes that closing Owners.com supports its simplification strategy, eliminates the cash burn associated with this earlier stage business, and increases focus on the core real estate and mortgage businesses.

"Owners.com has been making encouraging progress in demonstrating that a better consumer real estate model based on technology and service may be viable," said William B. Shepro, Altisource’s Chairman and Chief Executive Officer. Shepro further commented, "However, as we continue to work to simplify Altisource and focus on our larger opportunities, we concluded that closing Owners.com is in Altisource’s best interests given the time horizon and level of additional investments needed in order for Owners.com to operate independently. I am proud of the very talented and dedicated Owners.com team and want to thank them for their contributions."
ACTIVE
198 days on Owners.com
16880 N Stoneridge Ct
Fountain Hills, AZ 85268
4 Beds
4.5 Baths
5,369 ft2
$1,450,000
Owners.com Estimate:
Estimated Payment:$5,445/mo

This spectacular 4 bed, 4

5 bath hilltop property features a side-load 3 car garage and concrete block wall construction. This cul-de-sac home is located adjacent to a serene Regional Park. Entering through the custom glass entry doors, you'll marvel at the sweeping single-stringer iron staircase, bountiful windows and 2 convenient elevators. Not only does this gem offer a sauna, steam room, jetted tub, automatic shades and whole house water purification system it features a climate controlled workshop for the creative wood worker in the family. Appreciate multiple expansive balconies from which you can take in the 360 degree panoramic mountain views by day and moon-lit city light views by night. With an exit leading from every bedroom, you can enjoy your morning cup of coffee while

Property type
Single Family Home
Structure
Dwelling - Single Family - Detached, 3
Year built
2000
Parking
3.00Electric Door Opener, Separate Strge Area, Side Vehicle Entry, Dir Entry frm Garage
Price/Sqft
$270
MLS #
5919657
Lot Size
29516 sqft
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My NotesiThis is a place for you to write your thoughts and notes about this home. Only you will be able to see the notes.

My Home Features

Rooms

Bedrooms: 4 | Room Types: Exercise/Sauna Room, Great Room, Workshop | Basement: false

Interior

Features: Elevator, Roller Shields, Pantry, #NONE

Exterior

Features: Balcony/Deck(s), Patio - Covered, Patio, Wrought Iron Fence | Pool: Diving Board, Heated, Private

Building

Property Types: Single Family Home | Year Built: 2000 | Structure: Dwelling - Single Family - Detached, 3 | Architecture: #OTHER, Three or More Levels, Dwelling Styles - Detached | Construction: Block | Roof: All Tile | Siding: Painted, Stucco | Plumbing: Electric Hot Wtr Htr | Floors: Carpet, Tile | Windows: Sunscreen(s)

Garage & Parking

Parking: Electric Door Opener, Separate Strge Area, Side Vehicle Entry, Dir Entry frm Garage, 3.00

Lot

Lot size: 29516 sqft | Lot range: 24,001 - 35,000 | Lot Features: Border Pres/Pub Lnd, Cul de Sac

Location

County: Maricopa | Subdivision: FOUNTAIN HILLS AZ FP 505C | Directions: From Palisades, North on Golden Eagle, Right on Boulder, Left on Stoneridge to the house at the end of the cul-de-sac. | MLS #: 5919657

Community

Condo Maintenance: #OTHER

Appliances

Appliances: Drink Wtr Filter Sys, Disposal, Dishwasher, Range / Oven, Microwave - Built In

Heating & Cooling

Air Conditioning: Refrigeration | Heating: Electric | Fireplaces: 1, Gas

Utilities & Security

Utilities: 3+ Exist Tele Lines, Cable - Available / In Street, HighSpd Intrnt Aval, SRP | Sewer Service: Sewer - Public | Water Source: Private | Safety and Security: Sprinkler System, Security Sys Owned

School

School District: 098 - Fountain Hills Unified District | Elementary School: Four Peaks Elementary School - Fountain Hills | Middle School: Fountain Hills Middle School | High School: Fountain Hills High School

Owners.com Estimated Value

We calculate the Owners.com Estimate by analyzing sales for nearby similar properties. We use the best data sources, including MLS and county records to generate insights into the property value. You can even create your own estimate by selecting comparable sold listings.

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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Richard F Barker 

Listing courtesy of: Keller Williams Arizona Realty |  (480) 999-6250 

Tools for buyers

Data provided by: Arizona Regional MLS
Last detected update: August 22, 2019 04:11AM EST ~ Verified on November 15, 2019 05:42AM EST

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: Estimated payment calculations assume 20% down payment with loan terms of 3.86% fixed APR for 30 years.

Property is available to all persons, regardless of race, color, religion, sex, handicap, familial status, or national origin.
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