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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
1101 W Ocean Dr # 15
KEY COLONY, FL 33051
2 Beds
2 Baths
990 ft2
$424,000
Owners.com Estimate:
Estimated Payment:$1,592/mo
HOA:$605, Monthly

WOW, a condo with 7 day vacation rentals, gorgeous sandy beach & mesmerizing blue ocean

.. This 2 bedroom condo has 2 full bathrooms, updated granite kitchen and balcony with an ocean view & private walkway. A very comfortable condo with great rental history & is turnkey, so bring your toothbrush, bathing suit and enjoy the large pool and beauiful beach.. Relax and grill dinner under the tiki hut while sipping on your favorite libation watching the boats pass or the sunset. Finally, an affordable investment in the heart of the Florida Keys....Paradise!

Property type
Condo / Townhome
Year built
1973
Parking
Space(s) - Assigned, Guest Space(s)
Price/Sqft
$428
MLS #
585475
Lot Size
0 sqft
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SAVE PREFERENCES

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: 2

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 0

Interior

Features: Furnished

Exterior

Features: Chickee Hut, Landscape Lighting, Outdoor Shower, Sandy Beach, Open Porch/Balcony, Cable | Pool: true, Concrete, Decked, In Ground

Building

Property Types: Condo / Townhome | Year Built: 1973 | Architecture: Condo | Construction: CBS | Roof: #OTHER | Floors: Tile | Windows: Impact Rstnce Window

Garage & Parking

Parking: Space(s) - Assigned, Guest Space(s)

Lot

Lot size: 0 sqft | Lot range: Less Than 1/4 Acre | Zoning: R-3 - Multi Unit Res

Location

County: Monroe | Subdivision: Sea Isle Condominium (AKA Cont. Cond) (53.5) | Real Estate Area: 17 - Vaca Cut - Both Sides Holiday Inn/Key Colony | Directions: Overseas Hwy Mile Marker 53.5 turn at light onto Sadowski / KCB Causeway. Turn right onto W. Ocean Dr. Follow to 1101 W. Ocean, Sea Isle on the left. Middle Building 1st floor to #15 | MLS #: 585475

Community

Condo Features: Pets - No | Condo Maintenance: Bldg Exterior Mnt, Building Insurance, Cable, Common Area Mnt, Sewage, Water | HOA Dues: $605/ Monthly

Appliances

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator

Heating & Cooling

Air Conditioning: Ceiling Fans, Central Air

Utilities & Security

Sewer Service: Community Swr Plant | Safety and Security: Patrolled Area

Accessibility

Accessibility: Handicap Access - No

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

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Local Insights

Listing provided by: Karen Raspe, PA 

Listing courtesy of: Berkshire Hathaway HomeServices Keys Real Estate |  (305) 743-7636 

Key West Association of REALTORS®

Tools for buyers

Data provided by: Key West Association of REALTORS®
Last detected update: September 20, 2019 04:45AM EST ~ Verified on November 05, 2019 07:15PM 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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