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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
3224 Poe Country Ln
BROOKSVILLE, FL 34602
4 Beds
4 Baths
3,271 ft2
$749,990
Owners.com Estimate:
Estimated Payment:$2,816/mo

Amazing Country Estate on 4

40 acres that feels like you're living in a custom Villa in Tuscany! As you drive through the gates you are immediately overcome by the incredible privacy and exceptional views you just don't expect to find in Florida. The paved circular driveway leads you to the entrance where you access the home through a Fig vine arbor walkway adjacent to the inviting saltwater pool. The interior is bright and open with 3,307 sq ft with four bedrooms, four bathrooms and a detached three car garage. The grand foyer leads into the dining and living rooms which are separated by floor to ceiling columns. Beautiful bamboo floors, recessed lighting and plantation shutters complete these beautiful rooms. You will love spending time in the kitchen with ample counter space, custom wood cabinets, closet pantry, tile backsplash, and stainless steel appliances. You will find 2 master bedrooms, a guest suite, and guest room in this home, with a bathroom for each room. One master bedroom is on the first floor while the second is on the second floor. The most amazing open deck is featured off one bedroom that provides amazing views of the vistas and the perfect space to set up a lounging area to relax and watch the stars or entertain. This home is the perfect getaway from the hectic life and with no HOA you have the freedom to live life your way every day! Less than 30 min to Tampa city limits and 5 min to I75 for easy travel! One year warranty provided. Call today!

Property type
Single Family Home
Structure
Two Story
Year built
2001
Parking
Driveway - Circular, Garage Door Opener, Garage - Side Entry, Guest Parking, Open
Price/Sqft
$229
MLS #
O5779850
Lot Size
191664 sqft
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My Home Features

Rooms

Bedrooms: 4
Virtual Tour: virtual tour | Room Types: Family Room, Utility, Laundry

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 0

Interior

Features: Unfurnished, Ceiling - Fan(s), Vacuum - Central, Crown Moldings, Open Floor Plan, Counter(s) - Solid, Thermostat

Exterior

Features: Balcony, Fence, Lighting, Rain Gutters, Deck, #OTHER, Patio, Porch | Pool: true, Gunite, In Ground, Saltwater

Building

Property Types: Single Family Home, Residential | Year Built: 2001 | Structure: Two Story | Architecture: Custom, Spanish/Mediterranean | Construction: Block, Frame - Wood | Condition: Completed | Roof: Concrete, Tile | Siding: Cement / Concrete, Stucco | Foundation: Slab | Floors: Bamboo, Tile - Ceramic, Porcelain Tile, Wood | Windows: Window Treatments, Furnished - Blinds, Thermopane

Garage & Parking

Parking: Driveway - Circular, Garage Door Opener, Garage - Side Entry, Guest Parking, Open | Garage: true | Attached Garage: false

Lot

Lot size: 4.40 acres | Lot size: 191664 sqft | Lot range: Two + to Five Acres | Lot Features: Conservation Area, Gentle Sloping, In County, Oversized Lot, Pasture, Street Paved, Zoned for Horses | Zoning: AS-1

Location

County: Hernando | Subdivision: KRUSE | Directions: From Tampa take I75 North, exit 301, go East on SR-50, make a right at Kettering Rd, right on Power Line Rd, right on Poe Country Ln, the home is on the right. | MLS #: O5779850

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Oven - Convection, Dishwasher, Disposal, Water Heater - Electric, Microwave, Range, Refrigerator, Trash Compactor

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating, Electric | Fireplaces: false

Utilities & Security

Utilities: BB/HS Internet Available, Cable - Available / In Street, Electricity | Water Source: Available | Safety and Security: Gated Entry, Security System Owned, Smoke Detector

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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Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Peter Luu 

Listing courtesy of: PREMIER SOTHEBYS INT'L REALTY |  (407) 480-5014 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: September 18, 2019 04:14PM 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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