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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
201 days on Owners.com
3714 Sells Drive E
Phoenix, AZ 85018
4 Beds
4.5 Baths
3,090 ft2
$1,495,000
Owners.com Estimate:
Estimated Payment:$5,614/mo
HOA:$675, Quarterly

*Former SINGLE LEVEL MODEL HOME in the GATED Sycamore Arcadia

*VOTED BEST HOME ON ARCADIA HOME TOUR*. Great cul-de-sac lot with N/S exposure. This gorgeous former model home features soaring ceilings, open great room, fireplace, and lots of natural lighting. Large open kitchen with Sub-Zero and Wolf appliances. Custom wood cabinetry, beautiful stone counters, & wood flooring through main living spaces. Private master suite with walk in shower, beautiful tub, and huge closet with lots of built in storage. Each guest room has an ensuite bath & walk in closets. Low maintenance back yard has large covered patio and built in BBQ & gas fireplace. Walking distance to all of the Arcadia hot spots! Great lock & leave property.

Property type
Single Family Home
Structure
Dwelling - Single Family - Detached, 1
Year built
2018
Parking
3.00
Price/Sqft
$484
MLS #
5919172
Lot Size
8738 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: Great Room | Basement: false

Interior

Features: Breakfast Bar, No Interior Steps, Pantry, #NONE

Exterior

Features: Patio - Covered, Patio, Private Street(s), Built-in BBQ, Block Fence | Pool: #NONE

Building

Property Types: Single Family Home | Year Built: 2018 | Structure: Dwelling - Single Family - Detached, 1 | Architecture: Ranch, Dwelling Styles - Detached | Construction: Frame - Wood | Roof: Shingle - Composition | Siding: Painted, Siding, Stone | Floors: Carpet, Tile, Wood | Windows: Double-Pane, Low-E

Garage & Parking

Parking: 3.00

Lot

Lot size: 8738 sqft | Lot range: 7,501 - 10,000 | Lot Features: Cul de Sac, North/South Exposure

Location

County: Maricopa | Subdivision: The Sycamore | Directions: West on Campbell to The Sycamore Gated Community located on the South Side. | MLS #: 5919172

Community

Condo Maintenance: Common Area Maint, Street Maintenance | HOA: The Sycamore | HOA Dues: $675/ Quarterly

Appliances

Appliances: Disposal, Dishwasher, Refrigerator, Gas Oven / Range, Microwave - Built In

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Available / In Street, HighSpd Intrnt Aval, Pre-Wire Srnd Snd, SRP | Sewer Service: Sewer - Public | Water Source: City Water

School

School District: 210 - Phoenix Union High School District | Elementary School: Biltmore Preparatory Academy | Middle School: Biltmore Preparatory Academy | High School: Camelback 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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Source: County(Public) Records

School Information

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Local Insights

Listing provided by: Rosie Derryberry 

Listing courtesy of: Realty Executives |  (480) 998-0676 

Tools for buyers

Data provided by: Arizona Regional MLS
Last detected update: September 12, 2019 11:08AM 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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