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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
1520 Gulf Blvd Unit 1101
CLEARWATER BEACH, FL 33767
3 Beds
3 Baths
1,942 ft2
$1,025,000
Owners.com Estimate:
Estimated Payment:$3,849/mo
HOA:$377, Monthly

Sweeping coastal contemporary condo with jaw dropping direct Gulf of Mexico views from nearly every living space and remarkable wrap around balcony

South and west facing views offer spectacular sunsets and sunshine even during winter. The vistas continue with easy enjoyment of the intracoastal and stunning Ultimar pools and grounds. Tastefully finished and true to the coastal lifestyle with hardwood flooring throughout much of the living space complimented by white bead board style cabinets, dark granite flooring and counters complimented by a tile backsplash and white window frames with remote automated window treatments. Matching granite flooring brings harmony into the master bath and shower and guest powder room also updated with vanities and fixtures. The updates continue into the hall guest bath with new double vanity, faucets and fixtures. Home is apparent as soon as you enter the exclusive Ultimar grounds and is solidified once you enter this point condominium. The lifestyle offered at Ultimar is unmatched with three unique resort style pools including one full length lap pool, three tennis courts, a half court basketball court, full in-building recreation room including sauna and steam room, billiards room and conference/gathering room at your disposal. Once past the guarded gate your lifestyle and belongings are well protected with private storage closets on the condo balcony and in the private two unit elevator entry. Covered, under building parking is naturally reserved for the unit owner.

Property type
Condominium
Structure
Single Story
Year built
1991
Parking
Space(s) - Assigned, Covered, Guest Parking, Reserved, Under Building
Price/Sqft
$528
MLS #
U8044044
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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

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Storage, Unfurnished, Ceiling - Fan(s), Counter(s) - Stone, Security System

Exterior

Features: Balcony, Fence, Lighting, Shower, Sauna / Steam, Sidewalks, Storage, Tennis Court(s), Patio - Covered, Deck, Side Porch, Porch - Wrap Around | Pool: true, Gunite, Heated, In Ground | Irrigation: Irrigation System

Building

Property Types: Condominium, Residential | Year Built: 1991 | Structure: Single Story | Construction: Block | Condition: Completed | Roof: Built-Up | Siding: Cement / Concrete, Stucco | Foundation: Slab | Floors: Wood - Hard, Granite, Quarry Tile, Wood | Windows: Window Treatments, Furnished - Blinds, Furnished - Shades / Blinds

Garage & Parking

Parking: Space(s) - Assigned, Covered, Guest Parking, Reserved, Under Building | Garage: false

Lot

Lot Features: In City Limits, Level, Street Private

Location

County: Pinellas | Subdivision: ULTIMAR CONDO | Directions: From Belleair Causeway, go north on Gulf Blvd to address. | MLS #: U8044044

Community

Condo Features: Pets - Allowed - Breed Restrictions, Pets - Allowed - Number Limit, Pets - Allowed - Size Limit | Condo Maintenance: Cable, Maintenance, Recreational Facilities, Sauna, Community Pool, Escrow Reserves Fund, Insurance, Exterior, Groundskeeping, Repairs, Management, Pest Control, Pool Maintenance, Private Road, Security, Sewage, Trash, Water | HOA Dues: $377/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Dryer, Water Heater - Electric, Exhaust, Microwave, Refrigerator, Washing Machine, Water Softener, Wine Cooler

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Private, Public, Street Lights | Sewer Service: Connected | Safety and Security: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Secured Garage / Parking, Gated Entry, Security Lights

Accessibility

Accessibility: Wheelchair Access

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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Local Insights

Listing provided by: Steve Honey, II 

Listing courtesy of: ENGEL & VOLKERS BELLEAIR |  (727) 461-1000 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 22, 2019 08:12AM 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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