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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’s operations. The Company believes that closing 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.

" 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 is in Altisource’s best interests given the time horizon and level of additional investments needed in order for to operate independently. I am proud of the very talented and dedicated team and want to thank them for their contributions."
Sold in 104 days
1385 Sumter Ln
West Melbourne, FL 32904
3 Beds
2 Baths
1,842 ft2
Sold for
$275,000 Estimate:
Estimated Payment:$1,051/mo
HOA:$275, Yearly

Back on the market!! Buyer financing fell through

.. Your Chance For Beautiful POOL home in Oak Grove! Suncastles Belle Glade model with superior construction and design. This home features a stone fireplace in the formal living room, tile in the main living area and master bedroom, upgraded stainless appliances, granite, upgraded cabinets with 42'' upper cabinets and crown moulding, split floorplan and more. The oversized truss covered porch and pool with waterfall make this home the perfect place to entertain and relax. This home is move-in ready. Centrally located close to all shopping, I-95 and entertainment. Top rated school district!

Property type
Single Family Home
Single Story
Year built
2Garage Door Opener, Garage - Two Attached
Lot Size
8276 sqft
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My Home Features


Bedrooms: 3 | Room Types: Family Room, Laundry


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


Features: #NONE, Intercom, Breakfast Bar, Ceiling - Fan(s), Laundry Tub, Open Floor Plan, Pantry, Formal Living Room


Features: Porch - Trussed, Porch/Patio - Screened | Pool: false, Cleaning Equipment, Concrete, Equipment Included, Freeform, In Ground, Screened Pool, Waterfall | Irrigation: Sprinkler - Reclaimd


Property Types: Single Family Home | Year Built: 2005 | Structure: Single Story | Construction: Concrete Block | Condition: #NONE | Roof: Shingle - Asphalt | Siding: Painted, Stucco | Floors: Carpet, Tile

Garage & Parking

Parking: Garage Door Opener, Garage - Two Attached, 2


Lot size: 0.19 acres | Lot size: 8276 sqft | Lot Features: City, Sidewalks


County: Brevard | Subdivision: OAK GROVE AT WEST MELBOURNE PHASE THREE | Real Estate Area: 331 - West Melbourne | Directions: From Palm Bay Rd., head N on Hollywood past Eber. Make R into Oakgrove. Make 1st R, then next L on Sumter. House on the R just before curve. | MLS #: 798412


Condo Maintenance: Common Taxes, Maint - Common Area | HOA Dues: $275/ Yearly


Appliances: Dishwasher, Disposal, Dryer, Microwave, Microwave-Built-in, Oven - Convection, Range - Electric, Refrigerator, Washing Machine, Water Treatment System, Water Heater - Electric

Heating & Cooling

Air Conditioning: Central Air, Electric Air Filter | Heating: Central Heating, Electric | Fireplaces: true, Wood

Utilities & Security

Utilities: Cable, Electricity, Telephone, Underground | Sewer Service: Sewer | Water Source: City Water, Reclaimed Water | Safety and Security: #NONE


Elementary School: Meadowlane | Middle School: Central | High School: Melbourne Estimated Value

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Property Tax

Price History

Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Ravea Roopan 

Listing courtesy of: Roopan Realty Inc |  (321) 345-4935 

Tools for buyers

Data provided by: Space Coast MLS
Last detected update: August 13, 2019 12:20PM EST ~ Verified on November 09, 2019 10:14PM 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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