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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
1720 Park Ave
Des Moines, IA 50315
4 Beds
3 Baths
2,729 ft2
$1,100,000
Owners.com Estimate:
Estimated Payment:$4,131/mo
HOA:$340, Month

Situated on Hole 5 of Wakonda Golf course, this home is one to see for yourself

You will love this open floor plan ranch as you walk in & have beautiful views of the 144 acre private course. Windows surround the rear of the home for a panoramic view that cant be beat. This home features grand 12 ft ceilings on the 1st floor & over 4,300 sq ft of finish throughout. Wood built-ins surround the great room fireplace & the kitchen is at the center of it all w/ Cascade white quartz counters, painted white maple cabinets, & SS appliances. Main level also includes a BD & full BA, den, laundry room & the master suite. The master suite includes a fireplace, his & hers walk-in closets & sinks, full tile shower & a beautiful tub. LL features 16 ft ceilings, a wet bar w/a full fridge, home gym, huge windows & two addtl BDs. Wakonda Living takes care of snow removal & lawn care so you have more time for the things you enjoy! See yourself living the Wakonda Lifestyle; take a tour today!

Property type
Residential
Year built
2015
Parking
Driveway - Concrete, Garage - 3 Attached
Price/Sqft
$403
MLS #
581465
Lot Size
16676 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
Virtual Tour: virtual tour | Room Types: Den, Mudroom | Basement: Daylight, Finished, Unfinished

Bathrooms

# of Full Bathrooms: 1
# of Quarter Bathrooms: 2
# of Half Bathrooms: 0

Building

Property Types: Residential, Single Family Home | Year Built: 2015 | Architecture: Ranch | Roof: Asphalt Shingle | Siding: Cement Board, Stone | Foundation: Poured | Floors: Carpeting, Hardwood, Tile

Garage & Parking

Parking: Driveway - Concrete, Garage - 3 Attached

Lot

Lot size: 0.3830 acres | Lot size: 16676 sqft | Zoning: R

Location

County: Polk | Real Estate Area: Des Moines S.West | Directions: Take Fleur Drive to Park Ave, turn east to first gate on the right. Left to home. | MLS #: 581465

Community

Condo Maintenance: Lawn Care, Snow Removal | HOA: Wakinda Club | HOA Dues: $340/ Month

Appliances

Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washing Machine

Heating & Cooling

Air Conditioning: Central Air | Heating: Gas Forced Air, Natural Gas | Fireplaces: 3

Utilities & Security

Sewer Service: City | Water Source: City | Safety and Security: Smoke Detector

School

School District: Des Moines Independent

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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Local Insights

Listing provided by: Kathryn Wheeler 

Listing courtesy of: Iowa Realty Beaverdale |  (515) 453-5900 

Tools for buyers

Data provided by: Des Moines Area Association of REALTORS®
Last detected update: July 15, 2019 08:20AM EST ~ Verified on November 15, 2019 06:19AM 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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