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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
197 days on Owners.com
8100 E Bailey Way
Anaheim Hills, CA 92808
5 Beds
6 Baths
4,755 ft2
$1,499,000
Owners.com Estimate:
Estimated Payment:$5,629/mo
HOA:$180, Monthly

Perched atop a premier sweeping corner lot on the beautiful hillside of the 24-hour guard gated Summit Pointe Estates Community, the timeless elegance of the estate is evident from the moment you walk in

With 5 bedrooms and 5.5 baths, the residence showcases over approximately 4755 square foot with resort-style living in a peaceful, tranquil setting. Upon entering the courtyard, the beautiful sound of water from the fountain welcomes you then leads you to the serene garden. Beautiful entry includes custom tile flooring while the floor plan affords a formal dining room, formal living room, and gourmet kitchen with a Subzero refrigerator, GE Monogram appliances, and a walk-in pantry in which accommodates the needs of the culinary enthusiast or your personal chef. Butlers pantry includes wine storage and ample cabinet for your entertainment. Gorgeous master suite features a dual sided fireplace with spacious retreat, his and hers closets and elegant en-suite with travertine tile. The second master bedroom features a charming round tower sitting room. Enjoy beautifully landscaped backyard offering pool & spa with water slide, fire pit, sitting area, outdoor cooking and BBQ area, and spacious side yard, perfect for your mini basketball court! Your tranquil and relaxing yard is surrounded by hillside and tropical greenery and many fruit trees. Four-car garages and large driveway makes perfect place for entertainment for your family and your guests. Welcome home!

Property type
Single Family Home
Structure
Two Story
Year built
2001
Parking
4, Garage - Direct Access, Driveway, Driveway - Combination, Garage, Garage - Front Entry, Garage - Side Entry, Garage - Two
Price/Sqft
$315
MLS #
OC19095756
Lot Size
25427 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: 5
Virtual Tour: virtual tour | Room Types: Entry, Family Room, Kitchen, Laundry, Living Room, Bedroom(s) - Main Floor, Bedroom(s) - Master, Bedroom(s) - Master Suite, Bedroom(s) - Multi-Level, Study / Office, Retreat, Bedroom(s) - Two Masters

Bathrooms

# of Full Bathrooms: 5
# of Half Bathrooms: 1

Interior

Features: Built-in(s), Ceiling - Fan(s), Counter(s) - Granite, Pantry, Lighting - Recessed, Spa - Private, Spa - Heated, Spa - In Ground

Exterior

Features: Patio, Patio Open, Patio/Porch - Stone, Patio/Porch - Tile | Pool: true, Private, Filtered, Heated, In Ground, Saltwater

Building

Property Types: Single Family Home | Year Built: 2001 | Structure: Two Story | Construction: Stucco | Condition: Turnkey | Roof: Tile | Floors: Carpet, Stone, Tile | Windows: Double-Pane, Plantation Shutters, Screens

Garage & Parking

Parking: true, Garage - Direct Access, Driveway, Driveway - Combination, Garage, Garage - Front Entry, Garage - Side Entry, Garage - Two, 4.00 | Attached Garage: true

Lot

Lot size: 0.5837 acres | Lot size: 25427 sqft | Lot Features: Corner Lot, Front Yard, Garden, Landscaped, Lawn, Lot 20000-39999 Sqft, Sprinkler System

Location

County: Orange | Subdivision: Summit Pointe (SMPT) | Real Estate Area: 77 - Anaheim Hills | Directions: 91 Freeway Exit Weir Canyon Rd, Right on S Serrano and Left on Taylor | MLS #: OC19095756

Community

HOA Dues: $180/ Monthly

Appliances

Appliances: Stove - Six Burner, Dishwasher, Oven - Dual, Disposal, Stove - Gas, Microwave, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Furnace - Central, Natural Gas Heat, Fireplace | Fireplaces: true, Gas, Fire Pit

Utilities & Security

Utilities: Cable - Available / In Street | Sewer Service: Connected | Water Source: Public Supply | Safety and Security: 24 Hour Security, Gated Community, Gated Community with Guard, Smoke Detector

School

School District: Orange Unified | Elementary School: RUNSPR | Middle School: ELRAN | High School: CANYON2

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

Property History & Valuation

Local Insights

Listing provided by: Kaoru Matsuo 

Listing courtesy of: Coldwell Banker Res. Brokerage 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 26, 2019 05:26AM 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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