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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
203 days on Owners.com
999 N Lake Shore Dr Unit 2A
Chicago, IL 60611
3 Beds
4 Baths
4,000 ft2
$2,685,000
Owners.com Estimate:
Estimated Payment:$10,082/mo
HOA:$4402, Monthly

Breathtaking Lake Michigan and City views from completely renovated sophisticated and stylish residence in a prime tier of this iconic, elegant Benjamin Marshall building

Every detail is perfect, this residence combines tasteful refined elegance with up to date functionality. Wide open feeling designed for the way we live today. Light filled floor plan flows beautifully! Situated at the end of prestigious East Lake Shore, steps from world class shopping and dining on Michigan Avenue. Close to Chicago's iconic cultural institutions and just across the street from the beaches, running and bike paths along Lake Michigan! Living room flows into library and formal dining room. Incredible kitchen with 9' X 4' center island, casual dining, office, Butlers Pantry and adjacent to family room/solarium. Dine al fresco on fabulous new rooftop sundeck and work out in brand new fitness center. Service oriented, pet friendly building. Turn the key and enjoy city living at its absolute finest!

Property type
Attached Single Family
Structure
10
Year built
1913
Parking
Garage
Price/Sqft
$671
MLS #
10363597
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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: 3
Virtual Tour: virtual tour | Room Types: Library, Office, Foyer, Gallery, Sitting Room, Hardwood Floors in Family Room, Family Room Window Treatments - Blinds, Walk-in Pantry | Basement: false, #NONE

Bathrooms

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

Interior

Features: Addtl Room 1 Flooring - Hardwood, Addtl Room 1 Window Treatments - Blinds, Addtl Room 2 Flooring - Hardwood, Blinds, Addtl Room 3 Flooring - Hardwood, Addtl Room 4 Flooring - Hardwood, Addtl Room 5 Flooring -Hardwood, Addtl Room 6 Flooring - Hardwood, Addtl Room 6 Window Treatments - Blinds, Bar - Dry Bar, 1st Floor Laundry, Storage, Built-in(s), Walk In Closets, Hardwood Floors in Living Room, Living Room Window -Curtains/Drapes

Exterior

Features: Roof Deck, End Unit

Building

Property Types: Attached Single Family | Year Built: 1913 | Structure: 10 | Siding: Brick, Stone | Floors: Hardwood

Garage & Parking

Parking: Garage | Garage: Detached

Lot

Lot Dimensions: APPROX 4000 SQUARE FEET

Location

County: Cook | Real Estate Area: CHI - Near North Side | Directions: Michigan Ave or Oak Street to East Lake Shore. East on Lake Shore to 999 at corner. | MLS #: 10363597

Community

Condo Features: Cats OK, Dogs OK, Pet Count Limitation | Condo Maintenance: Heat, Water, Gas, Insurance, Doorman, Cable, Lawn Care, Scavenger, Snow Removal, Internet Service | HOA Dues: $4402/ Monthly

Appliances

Appliances: Oven/Range, Microwave, Dishwasher, High End Refrigerator, Washing Machine, Dryer, Disposal, All Stainless Steel Kitchen Appliances, Range Hood

Heating & Cooling

Air Conditioning: Space Pac | Heating: Radiators, Indv Controls | Fireplaces: 1, Wood, Gas Logs, Gas Starter

Utilities & Security

Utilities: Electricity - Circuit Breakers, Cable | Sewer Service: #OTHER

Accessibility

Accessibility: #NONE

School

Elementary School: OGDEN INTERNATIONAL | Middle School: OGDEN INTERNATIONAL | High School: PAYTON COLLEGE PREPARATORY SENIO

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

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Local Insights

Listing provided by: Janet Owen 

Listing courtesy of: Berkshire Hathaway HomeServices KoenigRubloff |  (312) 944-8900 

Tools for buyers

Data provided by: Midwest Real Estate Data LLC
Last detected update: August 08, 2019 03:00PM EST ~ Verified on November 04, 2019 09:04PM 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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