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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
202 days on Owners.com
73-75 Harbor Street
Manchester, MA 01944
4 Beds
6 Baths
6,327 ft2
$6,200,000
Owners.com Estimate:
Estimated Payment:$23,281/mo

Incomparable West Manchester residence perfectly situated on elevated land allowing for ever changing & stellar views of the ocean

Complete with all the bird life, boating, and front row seats to storms and colors bestowed by Mother Nature. Known for its refined style, the property was completely rebuilt in 2006, adding 2,500 SF with highest standards for design and construction. Open, airy, and beautifully lit living spaces for memorable family time as well as singularly stunning formal spaces for entertaining. Many lower and main level rooms have access to the inviting wrap round deck, patio and manicured yard of colorful blooms and mature plantings, all with remarkable oceanscapes. The sumptuously appointed master suite is a complete with 2 walk-in closets, dressing area, and an exquisite, luxurious, master bathroom. The property includes a fantastic carriage house immersed in history. Welcome to 73 Harbor Street where serenity meets the sea. Visit 73Harborstreet.com for website.

Property type
Single Family Home
Year built
1888
Parking
8Driveway - Pavers, Off Street
Price/Sqft
$980
MLS #
72492838
Lot Size
30312 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: Family Room - Fireplace, Family Room - Closet/Cabinets - Custom Built, Family Room - French Doors, Family Room - Cable Hookup, Family Room - Exterior Access, Family Room - Sunken, Home Office | Basement: true, Finished, Walk Out, Interior Access

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 2

Interior

Features: Decorative Lighting, Screens, Central Vacuum, Living Room - Fireplace, Hardwood Floors in Living Room

Exterior

Features: Wood Deck, Patio, Covered Patio/Deck, Gutters, Barn/Stable, Garden, Stone Wall | Irrigation: Sprinkler(s)

Building

Property Types: Single Family Home | Year Built: 1888 | Architecture: Gambrel /Dutch | Construction: Frame | Roof: Asphalt/Fiberglass Shingles, #OTHER | Siding: Clapboard, Wood | Foundation: Fieldstone, Brick | Floors: Marble, Hardwood | Windows: Insulated

Garage & Parking

Parking: Driveway - Pavers, Off Street, 8

Lot

Lot size: 0.70 acres | Lot size: 30312 sqft | Lot Features: Corner Lot, Sloped | Zoning: E

Location

County: Essex | Directions: 127 to Harbor Street, Right at fork toward Black Beach. | MLS #: 72492838

Appliances

Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washing Machine, Dryer, Vacuum System, Vent Hood, Backup Generator, Water Heater - Natural Gas, Water Heater - Tank

Heating & Cooling

Air Conditioning: Central Air | Heating: Steam or Hot Water Heating, Gas | Fireplaces: 10

Utilities & Security

Utilities: #OTHER, Cable - Available / In Street, Connection for Gas Range, Connection for Gas Oven, Connection for Gas Dryer, Connection for Electric Dryer | Sewer Service: City/Town Sewer, Private Sewerage | Water Source: Public Supply, #OTHER | Safety and Security: Security System

Accessibility

Accessibility: #NONE

School

Elementary School: MBTS Memorial | Middle School: MER Middle | High School: MER High School

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: Betsy Bullock 

Listing courtesy of: Coldwell Banker Residential Brokerage - Manchester |  (978) 526-7572 

MLS Property Information Network

Tools for buyers

Data provided by: MLS Property Information Network
Last detected update: October 05, 2019 11:57AM 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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