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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
195 days on Owners.com
1455 Adams Barn Rd
LAKE ALFRED, FL 33850
4 Beds
3 Baths
3,622 ft2
$674,750
Owners.com Estimate:
Estimated Payment:$2,534/mo

No matter where you look on this lakefront property you will not be left wanting

When driving on to your 5 acre property that is zoned for horses you are greeted with a driveway lined with mature oak trees which direct you through your very own Orange orchard. Having this agricultural exception is currently keeping the property taxes down to close to $1000 a year!! As you get closer to the home and circular driveway you will drive past your huge, 1500 sq/ft detached garage which is currently being used as a shop for the owners business and then down to your home. The home has recently had a new roof installed, has energy efficient windows, a full house generator, new granite throughout the house and LED lighting. The home is located directly on Lake Alfred and boasts over 200 feet of lake frontage which gives you beautiful lake views from a variety of places throughout the home. When walking to the front door you will enjoy the newly painted front deck which leads to your entrance. Upon entering the home the first thing you will see through the open concept living room / kitchen through the french doors is the lake views. You can enjoy entertaining in the upgraded chefs kitchen with vaulted ceilings, new stainless steel appliances and granite counters or you can head to your massive great room with 25 foot high ceilings with 3/4" heart pine tongue and groove which currently houses a large seating area, pool table as well as a full wet bar. The Master bedroom also has a vaulted ceiling and lake views.

Property type
Single Family Home
Structure
Two Story
Year built
1996
Price/Sqft
$186
MLS #
P4905793
Lot Size
228433 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
Virtual Tour: virtual tour

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Counter(s) - Solid

Exterior

Features: Lighting, Storage | Pool: false | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 1996 | Structure: Two Story | Construction: Block | Condition: Completed | Roof: Shingle or Shake | Foundation: Slab | Floors: Wood

Garage & Parking

Garage: true | Attached Garage: true

Lot

Lot size: 5.24 acres | Lot size: 228433 sqft | Lot range: 5 to less than 10

Location

County: Polk | Subdivision: NEW ARMENIA REV MAP | Directions: West on Lake Alfred Rd turn right on to Adams Barn Rd, over 2 islands and the property is half a mile on the right | MLS #: P4905793

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Dishwasher, Microwave, Range, Refrigerator

Heating & Cooling

Air Conditioning: Central Air | Heating: Central Heating | Fireplaces: true

Utilities & Security

Utilities: Cable - Available / In Street

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: David Small 

Listing courtesy of: LAKEFRONT INVESTMENT REALTY |  (863) 206-9650 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 11, 2019 07:41AM 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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