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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
197 days on Owners.com
1441 S Lake Roy Dr
WINTER HAVEN, FL 33884
5 Beds
4 Baths
4,483 ft2
$574,900
Owners.com Estimate:
Estimated Payment:$2,159/mo

Welcome home to your impressive Chain of Lakes pool home with a half acre lot! There's no shortage of fun to be had in this home from the game room with a wet bar to the heated pool and spa to the 110' frontage on Lake Roy

This home, with more than half the rooms featuring a lake view, is perfect for family gatherings and entertaining. The pool and porch are screened-in, but that doesn't hinder the beautiful lake view! By your private dock you can relax in a hammock under the cypress trees. Inside, the kitchen has granite counter tops, a new convection microwave, Sub-Zero refrigerator, and overlooks the family room. In the over-sized family room you'll find sky-high ceilings and French doors overlooking the lake. The formal living and dining room are oversized and can seat 15+ people for meals! The game room has 14' ceilings, a pool table, large wet bar, half bath, and double sliding doors to the pool deck making the transition to the backyard seamless. You're going to have trouble getting people to leave! The split-bedroom floor plan offers ample space, large closets, plantation shutters, a bay window overlooking the pool and lake, and a second master bedroom. For some privacy, retreat to your master bedroom featuring double sliding doors and your own private patio. The master bathroom has a large jetted tub, shower with dual heads, and a massive closet with custom shelving. There's also an additional bonus room with a walk-in closet. Don't miss your chance to start living the lakefront lifestyle!

Property type
Single Family Home
Structure
Split Level
Year built
1956
Parking
Driveway - Circular, Oversized
Price/Sqft
$128
MLS #
P4905814
Lot Size
22782 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: 5
Virtual Tour: virtual tour | Room Types: Bonus, Den, Family Room, Living Room, Great Room, Utility, Laundry

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 1

Interior

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

Exterior

Features: Lighting, Storage, Shed, Patio - Covered, Patio, Rear Porch, Porch - Screened | Pool: true, Gunite, Heated, In Ground, Lighting, Pool Sweep, Screen Enclosure | Irrigation: Irrigation System

Building

Property Types: Single Family Home, Residential | Year Built: 1956 | Structure: Split Level | Roof: Built-Up, Shingle or Shake | Siding: Stucco | Foundation: Slab | Floors: Carpet, Tile - Ceramic, Laminate, Marble | Windows: Furnished - Blinds, Furnished - Shades / Blinds

Garage & Parking

Parking: Driveway - Circular, Oversized | Garage: false

Lot

Lot size: 0.52 acres | Lot size: 22782 sqft | Lot range: 1/2 Acre to 1 Acre | Lot Features: Oversized Lot, Street Dead-End, Street Paved | Zoning: R-1

Location

County: Polk | Subdivision: SOUTH ROY SHORES | Directions: From US 27 South turn West on Cypress Gardens Blvd. Turn left on W Lake Summit Drive, follow curve to N Lake Eloise Drive, then turn right on 14th Court SE. The property will be at the end of the street with the large circular driveway. | MLS #: P4905814

Community

Condo Features: Pets - Allowed

Appliances

Appliances: Oven - Built-in, Oven - Convection, Cooktop, Dishwasher, Disposal, Water Heater - Electric, Microwave, Refrigerator

Heating & Cooling

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

Utilities & Security

Utilities: Cable - Interior Connections, Electricity, Telephone, Public, Sprinkler Recycled, Street Lights | Safety and Security: Smoke Detector

School

Elementary School: Chain O Lakes Elem | Middle School: Denison Middle | High School: Lake Region 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

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Local Insights

Listing provided by: Nicole Nikdel 

Listing courtesy of: CROSBY & ASSOCIATES, INC. |  (863) 293-5600 

Tools for buyers

Data provided by: My Florida Regional MLS DBA Stellar MLS
Last detected update: August 09, 2019 05:31AM 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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