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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
202 days on Owners.com
2991 Wood Dr
Cambria, CA 93428
3 Beds
3 Baths
1,938 ft2
$719,000
Owners.com Estimate:
Estimated Payment:$2,700/mo
HOA:$0

LICENSED VACATION RENTAL !!!!! Great location, SINGLE LEVEL LIVING on the main floor plus two ensuite bedrooms on the second level

The 3 large bedrooms lend themselves to many arranging possibilities. There is carpet in bedrooms and updated flooring in living room, dining room, and kitchen. 3 bathrooms total; two delightfully updated with lighting fixtures and marble top vanities. All water fixtures are low flow to conform with Cambria Community Service District codes and regulations. Kitchen has been upgraded with granite beautiful counter tops and stainless steel appliances. The back yard is completely fenced and ready for your weekend BBQs. Detached two car garage, a tool shed and an enclosed storage room under the house give you plenty of storing options. Among the many amenities this home has, are central heating, a gas fireplace on the living room, water softener, 3 water storage tanks connected to the gutters, garden water pump, tongue and groove high ceilings, an eight foot front door gives this home a nice appeal and welcoming feeling. The home is located within walking distance to rodeo road trails and a short drive to shops and restaurants. New roof installed on April of 2016 and comes with a 35 year transferable warranty. This is a unique opportunity to make Cambria your town and live in peace among sunsets and trails.

Property type
Single Family Home
Structure
Three or More Stories
Year built
1983
Parking
4, Garage
Price/Sqft
$371
MLS #
SC19094076
Lot Size
6200 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: 3
Virtual Tour: virtual tour | Room Types: Kitchen, Living Room, Bedroom(s) - Main Floor

Bathrooms

# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 2

Interior

Features: Counter(s) - Granite, Pantry, Storage

Exterior

Features: Rain Gutters, Fence in New Condition, Wire Fence, Wood Fence, Storage | Pool: false, #NONE

Building

Property Types: Single Family Home | Year Built: 1983 | Structure: Three or More Stories | Construction: Drywall Walls | Roof: Shingle or Shake | Floors: Carpet, Laminate

Garage & Parking

Parking: true, Garage, 4.00 | Attached Garage: false

Lot

Lot Dimensions: 6,200 square ft | Lot size: 0.1423 acres | Lot size: 6200 sqft | Lot Features: Back Yard

Location

County: San Luis Obispo | Subdivision: Lodge Hill(430) | Real Estate Area: CAMB - Cambria | Directions: Going north on highway 1, turn right on Main st, turn left on Eton st., and left on Wood dr. | MLS #: SC19094076

Community

HOA Dues: $0

Appliances

Appliances: Dishwasher, Water Heater - Gas, Refrigerator

Heating & Cooling

Air Conditioning: #NONE | Heating: Forced Air, Fireplace | Fireplaces: true, Gas

Utilities & Security

Sewer Service: Connected | Water Source: Water Connected, Public Supply | Safety and Security: Smoke Detector

Accessibility

Accessibility: 2+ Access Exits

School

School District: Coast Unified

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: Dante Delapaz Garcia 

Listing courtesy of: Re/Max Pines by the Sea 

Tools for buyers

Data provided by: CRMLS
Last detected update: September 26, 2019 09:46AM EST ~ Verified on November 17, 2019 09:23AM 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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