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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
201 days on Owners.com
1423 Atlantic Blvd
KEY WEST, FL 33040
2 Beds
1 Bath
864 ft2
$625,000
Owners.com Estimate:
Estimated Payment:$2,347/mo
HOA:$0

Great new lower price! Your opportunity to purchase the least expensive southernmost single family home for sale in the continental United States! Ready for you to create your own special place in Key West, this mid century Mediterranean style home is located in the highly sought after Atlantic Beaches neighborhood of Key West

The larger 6900 sq. ft. corner lot offers endless potential for expanding the home & the addition of a swimming pool. You will find convenient for you to enjoy your choice of several beaches, The White Street Merchant & Gallery District, the ever so popular dog park, tennis & pickle ball courts & multiple playgrounds.

Property type
Single Family Home
Structure
Single Story
Year built
1953
Parking
Off Street
Price/Sqft
$723
MLS #
585463
Lot Size
6900 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: 1
# of Half Bathrooms: 0

Interior

Features: Cable

Exterior

Features: Deck, #OTHER, Shutters

Building

Property Types: Single Family Home | Year Built: 1953 | Structure: Single Story | Architecture: Single Family | Construction: CBS, Frame | Roof: #OTHER | Floors: Tile, Wood | Windows: Aluminum

Garage & Parking

Parking: Off Street | Garage: Three Car

Lot

Lot Dimensions: 60 x 115 | Lot size: 6900 sqft | Lot range: Less Than 1/4 Acre | Zoning: MDR-1 - Medium Desnity Residential

Location

County: Monroe | Subdivision: Macros Subd (2.0) | Real Estate Area: 02 - Key West | MLS #: 585463

Community

Condo Features: Pets - Allowed | Condo Maintenance: #NONE | HOA Dues: $0

Appliances

Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washing Machine

Heating & Cooling

Air Conditioning: Ceiling Fans, Central Air, Window/Wall Unit

Utilities & Security

Sewer Service: Municipal Sewer | Water Source: Water Separate Meter

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
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Vic Musmanno 

Listing courtesy of: Coldwell Banker Schmitt Real Estate Co. (KW) |  (305) 296-7727 

Key West Association of REALTORS®

Tools for buyers

Data provided by: Key West Association of REALTORS®
Last detected update: August 28, 2019 02:55AM 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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