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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
196 days on Owners.com
5048 Brywill Cir
SARASOTA, FL 34234
3 Beds
3 Baths
2,644 ft2
$924,000
Owners.com Estimate:
Estimated Payment:$3,470/mo

This stunning Sapphire Shores property will transport your imagination to Tuscany! Every view from this recently built, Mediterranean home looks out over the tiled roofs of the Brywill-Bay Shore Historic District

What better way to enjoy classic views of vintage properties than from your like new, luxury residence? Every detail has been considered in the design and construction of this home. From the reinforced, poured concrete walls and insulated, impact resistant windows down to the unique, "speakeasy" front door and cypress porch ceilings salvaged from a previous era. This three bedroom, three bath house has an open plan with 9 foot ceilings, transomed windows and total privacy as it opens to a walled courtyard with multiple fountains spilling into the sun bathed pool. The kitchen is anchored by an island with Icelandic, "blue eyed" granite countertops, Ray Routh cabinetry and a chef's compliment of appliances including a gas, 36" Viking range. The master suite has a unique, Juliette balcony, reading nook, exercise room and walk in closet. Your guests will be delighted with their accommodations with Brazilian cherry floors and double French doors opening to the pool and pristine outdoor living areas. This authentic refinement of Old World Style complimented with maximum energy efficiency and durability expected in new construction fits perfectly in a neighborhood with close ties to John Ringling's early developments including his home Ca d'Zan just a few blocks away.

Property type
Single Family Home
Structure
Two Story
Year built
2011
Parking
Driveway, Garage Door Opener, #OTHER
Price/Sqft
$349
MLS #
A4435089
Lot Size
6455 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: 3
Virtual Tour: virtual tour | Room Types: Attic, Den, Great Room, Utility, Laundry

Bathrooms

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

Interior

Features: Storage, Built-in(s), Ceiling - Fan(s), Open Floor Plan, Counter(s) - Stone, Security System

Exterior

Features: Balcony, Fence, Lighting, Shower, Rain Barrel/Cistern(s), Sidewalks, Patio - Covered, Patio, Rear Porch | Pool: true, Auto Cleaner, Gunite, In Ground, Lighting, #OTHER, Saltwater, Self Cleaning | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2011 | Structure: Two Story | Architecture: Custom, Spanish/Mediterranean | Condition: Completed | Roof: Tile | Siding: Cement / Concrete | Foundation: Slab | Floors: Carpet, Tile, Wood | Windows: Window Treatments, Insulated, Low Emissivity Windows

Garage & Parking

Parking: Driveway, Garage Door Opener, #OTHER | Garage: true | Attached Garage: true

Lot

Lot Dimensions: 71x81 | Lot size: 0.15 acres | Lot size: 6455 sqft | Lot range: Up to 10,889 Sq. Ft. | Lot Features: In City Limits, Sidewalks, Street Paved | Zoning: RSF2

Location

County: Sarasota | Subdivision: SAPPHIRE SHORES | Directions: From Ringling Plaza go south on Bay Shore Road to Brywill Circle. South on Brywill Circle to house on east side of street. | MLS #: A4435089

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Oven - Built-in, Oven - Convection, Dishwasher, Disposal, Dryer, Water Heater - Gas, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washing Machine, Water Filtration System, Wine Cooler

Heating & Cooling

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

Utilities & Security

Utilities: BB/HS Internet Available, Cable - Interior Connections, Electricity, Gas Utlities (Natural), Public, Sprinkler Recycled, Street Lights | Sewer Service: Connected | Safety and Security: Fire Alarm, 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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Local Insights

Listing provided by: David Jennings 

Listing courtesy of: COLDWELL BANKER RES R E |  (941) 366-8070 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 14, 2019 09:33AM 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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