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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
194 days on Owners.com
621 Belle Isle Ave
BELLEAIR BEACH, FL 33786
4 Beds
5 Baths
4,006 ft2
$2,200,000
Owners.com Estimate:
Estimated Payment:$8,261/mo

One of the finest waterfront locations in Belleair beach

This home is perfectly situated at the very end of a quiet cul-de-sac and provides unobstructed, wide-open views with 167' of water frontage. The ideal home for a boating lifestyle, this deep water location presents its owner with easy access to Clearwater pass and the Gulf of Mexico. Boasting nearly 3,800 square feet of open living, the home has 4 bedrooms and 4.5 bathrooms. There is plenty of bonus air conditioned space that is not included in the square foot measurement. The gourmet kitchen has quartz counters and designer appliances that are set amid rich custom cabinetry. A large master bedroom suite is located on the third floor for maximum privacy and affords gorgeous views of Clearwater Bay from the balcony. The master also has a spa inspired bathroom retreat with Jacuzzi style soaking tub. Other amenities include a gym with steam shower, heated saltwater pool, outdoor kitchen with granite counters, 35 kw whole-house gas generator, hurricane shutters, dock with 19,000 pound lift, personal watercraft lifts and additional dockage for a 60' vessel with tide slide system. This special property lends itself to entertaining both on and off the water.

Property type
Single Family Home
Structure
Three or More Stories
Year built
1981
Parking
Driveway, Garage Door Opener, Oversized, Under Building, Workshop in Garage
Price/Sqft
$549
MLS #
U8043965
Lot Size
12036 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: Family Room, Utility, Laundry

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Interior

Features: Unfurnished, Built-in(s), Ceiling - Fan(s), Open Floor Plan, Counter(s) - Stone

Exterior

Features: Fence, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sidewalks, Summer Kitchen, Patio, Rear Porch, Porch - Screened | Pool: true, Gunite, Heated, In Ground, Saltwater | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 1981 | Structure: Three or More Stories | Construction: Block, Frame - Wood | Condition: Completed | Roof: Concrete, Tile | Siding: Stucco | Foundation: Slab | Floors: Concrete, Wood | Windows: Furnished - Blinds

Garage & Parking

Parking: Driveway, Garage Door Opener, Oversized, Under Building, Workshop in Garage | Garage: true | Attached Garage: true

Lot

Lot size: 0.28 acres | Lot size: 12036 sqft | Lot range: 1/4 Acre to 21779 Sq. Ft. | Lot Features: Cul de Sac, FloodZone, Level, Near Marina, Near Public Transit, Oversized Lot, Sidewalks, Street Paved

Location

County: Pinellas | Subdivision: BELLE ISLE | Directions: Gulf Blvd to Belle Isle Ave. Follow to the end of the cul-de-sac. | MLS #: U8043965

Appliances

Appliances: Cooktop, Dishwasher, Dryer, Exhaust, Microwave, Refrigerator, Washing Machine, Water Filtration System, Wine Cooler

Heating & Cooling

Air Conditioning: Central Air, Mini-Split Unit(s), Zoned | Heating: Electric, Exhaust Fans, Natural Gas Heat | Fireplaces: true, Gas

Utilities & Security

Utilities: Gas Utlities (Natural), Public

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: Kerryn Ellson 

Listing courtesy of: COASTAL PROPERTIES GROUP |  (727) 493-1555 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: September 20, 2019 07:14AM EST ~ Verified on November 08, 2019 04:52AM 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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