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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
24444 Buckingham Way
PORT CHARLOTTE, FL 33980
2 Beds
2 Baths
1,885 ft2
$264,000
Owners.com Estimate:
Estimated Payment:$991/mo
HOA:$339, Monthly

Welcome to the gated 55 and over golfing community of Kings Gate

Spacious 1,885 square foot lake front home features 2 bedrooms 2 bathrooms and 2 car garage. Beautifully maintained home located in a picturesque neighborhood with perfectly manicured lawns and vegetation welcome you as soon as you approach your home. The open floor plan with vaulted ceiling greet you as you enter through the tiled foyer that leads to the living/dining room with sliders out to the lanai with fabulous views of the lake beyond. Kitchen features stainless steel appliances, center island with sink, built in desk area, plenty of cabinet.counter space and a eat-in breakfast area with access to lanai. Master bedroom is carpeted and has a large walk-in closet. Master bathroom with extended vanity and large walk-in shower. The guest bedroom with full guest bath is awaiting family and friends. Additional room can be used as den/office or a great sitting room. Home also features laundry room, an added 9x9 storage room, garage for your golf cart, central vac system. Kings Gate is an active 55 and over community offering: heated community pool and spa, 18 hole golf course, restaurant, fitness center, bocci ball, shuffleboard, tennis courts and a full time activity director. Please schedule your showing today

Property type
Single Family Home
Structure
Single Story
Year built
2004
Parking
Driveway, Garage Door Opener, Golf Cart, Golf Cart Parking, Oversized
Price/Sqft
$140
MLS #
C7415167
Lot Size
6784 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: 2
Virtual Tour: virtual tour | Room Types: Den, Utility, Laundry

Bathrooms

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

Interior

Features: Storage, Ceiling - Fan(s), Vacuum - Central, Open Floor Plan

Exterior

Features: Hurricane Shutters, Rain Gutters, Patio - Covered, Patio - Enclosed, Patio, Porch, Porch - Screened | Pool: false, Heated, In Ground, Lighting | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2004 | Structure: Single Story | Construction: Block | Roof: Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic | Windows: Furnished - Blinds, Window Treatments

Garage & Parking

Parking: Driveway, Garage Door Opener, Golf Cart, Golf Cart Parking, Oversized | Garage: true | Attached Garage: true

Lot

Lot Dimensions: 77x102x56x104 | Lot size: 0.16 acres | Lot size: 6784 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: Near Golf Course, Street Paved | Zoning: PD

Location

County: Charlotte | Subdivision: KINGSGATE PH 03 | Directions: From US41 in Port Charlotte turn onto Kings Highway. Follow to a right onto Westgate Blvd (Kings Gate Gated Entry). Left onto Lasting | MLS #: C7415167

Community

Condo Features: Pets - Allowed | Condo Maintenance: Recreational Facilities, Cable, Community Pool, Insurance, Groundskeeping, Management, Pool Maintenance, Security, Trash | HOA Dues: $339/ Monthly

Appliances

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

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Public | Safety and Security: Gated Community, 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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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Christopher Grant 

Listing courtesy of: RE/MAX ANCHOR OF MARINA PARK |  (941) 205-2004 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 03, 2019 12:52PM 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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