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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
200 days on Owners.com
1101 Ashland Ave
TARPON SPRINGS, FL 34689
4 Beds
8 Baths
4,634 ft2
$875,000
Owners.com Estimate:
Estimated Payment:$3,286/mo
HOA:$355, Annually

THIS BEAUTIFULLY DESIGNED 4634 SQ/FT HOME IN HISTORIC TARPON SPRINGS IS PERFECT FOR ALL! NEED SPACE FOR YOUR FAMILY? 4 BEDROOMS AND 4 BATHS, ONE ON THE 1ST FL, AND A BONUS RM THAT COULD EASILY BE A 5TH ON THE SECOND FLOOR! NEED A PLACE TO PARK THOSE EXTRA VEHICLES? HOW ABOUT 7 GARAGES! OH, AND A SEPERATE PAD BESIDE THE GARAGE FOR THE RV/BOAT WITH AN ELECTRIC PORT! ENJOY THE GAZEBO OVERLOOKING THE WATER FROM THE HEATED SPA, OR PLAY A GAME OF BOCCE IN THE CUSTOM PLAYING PIT! OF COURSE, THE INTERIOR IS TOP OF THE LINE! 10 CEILINGS AND A REMODELED KITCHEN INCLUDING GRANITE COUNTERS AND SOLID WOOD CABINETS! WAINSCOTT AND CROWN MOULDING GIVE THIS HOME THAT CUSTOM LOOK ALONG WITH THE WET BAR AND FIRST FLOOR AIR CONDITIONED 600+ BOTTLE WINE CLOSET! AND OF COURSE PELLA WINDOWS WITH THE BLINDS IN THE GLASS! PRIVACY AND ENERGY SAVING! ALL THIS AND THERE IS OVER 700 OF USABLE SPACE ABOVE THE FREE STANDING GARAGE! THE LAKE IS SPRING FED AND FULL OF FISH! 2 BEAUTIFUL BEACHES ARE WITHIN BLOCKS, ALONG WITH GREAT SCHOOLS FOR ALL GRADES! DOWNTOWN TARPON AND THE DOCKS ARE VERY CLOSE AND YET THIS AREA IS LIKE BEING IN THE COUNTRY! TRULY A MAGNIFICENT PLACE FOR YOU TO CALL HOME!!

Property type
Single Family Home
Structure
Two Story
Year built
1995
Parking
Boat, Driveway - Circular, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Garage - Side Entry, Parking Pad, RV Carport, Garage
Price/Sqft
$189
MLS #
U8044215
Lot Size
32890 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 | Room Types: Den, Family Room, Utility

Bathrooms

# of Full Bathrooms: 7
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Crown Moldings, Bar - Dry Bar, Counter(s) - Stone

Exterior

Features: Balcony, Lighting, Rain Gutters, Gazebo, Patio - Covered, Patio - Enclosed, Rear Porch, Porch - Screened | Pool: false | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 1995 | Structure: Two Story | Architecture: Colonial | Construction: Siding, SIP (Structurally Insulated Panel), Frame - Wood | Condition: Completed | Roof: Shingle or Shake | Siding: Brick | Foundation: Slab | Floors: Carpet, Laminate, Porcelain Tile | Windows: Window Treatments, Insulated

Garage & Parking

Parking: Boat, Driveway - Circular, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Garage - Side Entry, Parking Pad, RV Carport, Garage | Garage: true | Attached Garage: true

Lot

Lot size: 0.74 acres | Lot size: 32890 sqft | Lot range: 1/2 Acre to 1 Acre | Lot Features: Cul de Sac, FloodZone, In City Limits, Irregular Lot, Level, Street Paved

Location

County: Pinellas | Subdivision: INNESS PARK EXT | Directions: ALT 19 WEST ON MERES TO RT ON S FLORIDA AVE TO RT ON GULF RD TO LEFT ON TARPON DR TO ASHLAND | MLS #: U8044215

Community

Condo Features: Pets - Allowed | Condo Maintenance: Common Area Taxes, Exterior | HOA Dues: $355/ Annually

Appliances

Appliances: Dishwasher, Disposal, Dryer, Water Heater - Electric, Microwave, Range, Range Hood, Refrigerator, Washing Machine, Water Softener, Wine Cooler

Heating & Cooling

Air Conditioning: Central Air, Zoned | Heating: Central Heating, Electric, Heat Pump | Fireplaces: true, Gas

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Fire Hydrant, Public, Underground Utilities | Sewer Service: Available

School

Elementary School: Sunset Hills Elementary-PN | Middle School: Tarpon Springs Middle-PN | High School: Tarpon Springs 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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School Information

Property History & Valuation

Local Insights

Listing provided by: Walter Donovan, Jr 

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: July 30, 2019 01:04PM 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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