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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
204 days on Owners.com
5143 Oxford Dr
SARASOTA, FL 34242
4 Beds
5 Baths
3,083 ft2
$1,100,000
Owners.com Estimate:
Estimated Payment:$4,131/mo

Fabulous island home located on a beautiful canopy street on the Grand Canal with direct access to Sarasota Bay and Gulf of Mexico! This Siesta Key elevated home has 4 bedrooms, 4 ensuite bathrooms plus a den and offers stunning views of the pool and canal through many windows and sliding glass doors that open to a large patio, perfect for outdoor dining and entertaining

The high ceilings, open staircase and bamboo flooring throughout the living area add to the warmth and elegance of this spacious floor plan.The updated kitchen offers granite counter tops, stainless steel appliances, a center island and a breakfast bar. A full laundry room, adjacent to the kitchen has lots of storage. The spacious master suite opens to a private balcony overlooking the pool and waterway.The tropically landscaped fenced pool, leads to a deepwater dock with a 7000 lb lift plus a ladder for easy access to kayaking and paddle boating. Enjoy the quaint Siesta Key Village just a mile away and continue your stroll to the sugary sands of world famous Siesta Key Beach. Downtown Sarasota is just 15 minutes away for urban shopping, dining and cultural amenities. Sarasota is the cultural hub of Florida, with its own Symphony, Ballet, Opera, Asolo Theatre and Ringling Museum.

Property type
Single Family Home
Structure
Two Story
Year built
2005
Price/Sqft
$357
MLS #
A4434790
Lot Size
6701 sqft
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My Home Features

Rooms

Bedrooms: 4
Virtual Tour: virtual tour | Room Types: Laundry

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Interior

Features: Unfurnished, Ceiling - Fan(s), Open Floor Plan, Security System

Exterior

Features: Lighting, Patio, Porch, Rear Porch | Pool: true, Heated, In Ground, Lighting | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 2005 | Structure: Two Story | Architecture: Custom, Key West | Construction: Block | Condition: Completed | Roof: Metal | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic, Wood | Windows: Furnished - Blinds

Garage & Parking

Garage: true | Attached Garage: true

Lot

Lot size: 0.15 acres | Lot size: 6701 sqft | Lot range: Up to 10,889 Sq. Ft. | Zoning: RSF2

Location

County: Sarasota | Subdivision: SIESTA BEACH | Directions: Take Siesta Dr over the north Bridge onto Siesta Key. Bear left at the big curve onto Higel Ave, continue south past Out of Door Academy to Treasure Boat Way. Turn left. At end of Treasure Boat Way, turn right onto Oxford, 5143 will be on your left. | MLS #: A4434790

Appliances

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Interior Connections, Electricity

School

Elementary School: Phillippi Shores Elementary | Middle School: Brookside Middle | High School: Sarasota High

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

Property History & Valuation

Local Insights

Listing provided by: Betsy de Manio 

Listing courtesy of: COLDWELL BANKER RES R E |  (941) 349-4411 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 08, 2019 06:00PM 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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