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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
198 days on Owners.com
5521 80th St N Unit 307
ST PETERSBURG, FL 33709
1 Bed
1 Bath
870 ft2
$84,900
Owners.com Estimate:
Estimated Payment:$319/mo
HOA:$362.41, Quarterly

Beautifully Remodeled 1 Bedroom 1 Bath unit located in one of the most active 55+ communities in Pinellas County

New Matching LVP flooring throughout the condo. Kitchen remodel looks amazing, with brand new counter tops, dishwasher, microwave and stove. There's a lovely breakfast bar that flows right into your living room. The living room space overlooking the pool can be used as a Florida room if desired. The heating and air were both replaced in 2007. The bedroom has a nice size closet with an organizer built in. Condo comes with new shutters and blinds on all windows. This community has everything you could want, 6 Pools, Tennis courts, Clubhouse, RV/Boat Parking, Paid Cable (over 400 channels), Hi speed internet included, Bocce Ball, Horseshoes, card rooms, auditorium, Shuffleboard, outdoor kitchens, and regularly scheduled activities. Close to banking, shopping, and parks, and only 10 minutes from Gulf beaches. Washer and Dryer are NOT in the unit and cannot be placed in the unit. There is a beautiful shared laundry facility on the 2nd and 4th floors for owners to use.

Property type
Condominium
Structure
Single Story
Year built
1974
Price/Sqft
$98
MLS #
U8043665
Lot Size
85244 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: 1
Virtual Tour: virtual tour

Bathrooms

# of Full Bathrooms: 1
# of Half Bathrooms: 0

Exterior

Features: Lighting, Outdoor Grill, Outdoor Kitchen, Sidewalks, Storage, Tennis Court(s), Gazebo, Summer Kitchen, Workshop | Pool: false, Gunite, Heated, In Ground | Irrigation: Irrigation System

Building

Property Types: Condominium, Residential | Year Built: 1974 | Structure: Single Story | Construction: Block | Condition: Completed | Roof: Shingle or Shake | Foundation: Slab | Floors: Vinyl | Windows: Furnished - Blinds, Storm Shutters

Garage & Parking

Garage: false

Lot

Lot size: 1.96 acres | Lot size: 85244 sqft | Lot range: Up to 10,889 Sq. Ft.

Location

County: Pinellas | Subdivision: FIVE TOWNS OF ST PETE | Directions: Park St N, Right on 54th ave N, Turn North onto 80th st N, then Right at the 2nd Building (Emory) | MLS #: U8043665

Community

Condo Features: Pets - Allowed - Breed Restrictions, Pets - Allowed - Number Limit, Pets - Allowed - Size Limit | Condo Maintenance: Cable, Maintenance, Recreational Facilities, Community Pool, Escrow Reserves Fund, Gas, Insurance, Internet Service, Exterior, Groundskeeping, Pool Maintenance, Sewage, Trash, Water | HOA Dues: $362.41/ Quarterly

Appliances

Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Public, Street Lights | Sewer Service: Connected | Safety and Security: Medical Alarm

Accessibility

Accessibility: Wheelchair Access

School

Elementary School: Rawlings Elementary-PN | Middle School: Pinellas Park Middle-PN | High School: Dixie Hollins High-PN

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: Tessa VanTrece 

Listing courtesy of: CHARLES RUTENBERG REALTY INC |  (866) 580-6402 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: October 26, 2019 11:24AM 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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