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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
198 days on Owners.com
11619 Princess Ln
ELLICOTT CITY, MD 21042
4 Beds
5 Baths
5,983 ft2
$970,000
Owners.com Estimate:
Estimated Payment:$3,642/mo
HOA:$1000, Annually

Immaculate, sprawling colonial with 4 bedrooms and 4

5 baths, located in a private custom home community! The large plantation style wraparound front porch and rear deck offer the perfect places to enjoy this nature lover's paradise! Inside the home you will be wowed by the grand two story entry with an elegant curved staircase. The gourmet kitchen offers granite counters tops, a large center island and professional Viking appliances including a sub zero refrigerator which are sure to delight your inner chef! Enjoy dining in the sun filled breakfast room or the formal dining area. Your luxurious master suite boasts a tray ceiling, gas fireplace, dual walk-in closets and spa-like en suite with soaking tub, walk-in shower and dual vanities. Sprawling finished lower level features a built in wet bar, plenty of room to entertain, ample storage and a full bath. The rear yard features a 2 tiered waterfall with stream and a large patio to enjoy the tranquil setting. Located on a 5.65 acre secluded wooded lot with a park like setting yet still conveniently located to popular commuter routes. Also includes a new roof, 3 fireplaces, a side loading attached 3 car garage as well as an additional rear loading garage which is perfect for lawn equipment! This stunning property has every detail and is sure to provide years of enjoyment!

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
2000
Parking
Driveway - Asphalt
Price/Sqft
$162
MLS #
MDHW262436
Lot Size
246114 sqft
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My Home Features

Rooms

Bedrooms: 4
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Family Room, Foyer, Breakfast Room, Sun/Florida Room, Laundry, Study / Office, Storage Room, Master Bathroom, Full Bath, Half Bath | Basement: true, Finished, Connecting Stairway, Interior Access, Outside Entrance, Heated, Walkout Level, Windows, Daylight, Full, Rear Entrance, Sump Pump

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Interior

Features: Vacuum - Central, Ceiling - Fan(s), Bar, Built-in(s), Chair Rail, Crown Moldings, Wainscoting, Floor Plan - Traditional, Laundry Chute, Lighting - Recessed, Wet/Dry Bar, Walls - Dry

Exterior

Features: Hot Tub / Spa, Extensive Hardscape, Exterior Lighting, Flood Lights, Stone Retaining Walls, Water Falls, Porch, Living Structures - Wrap Around, Patio, Deck, Above Grade, Below Grade | Irrigation: Lawn Sprinkler

Building

Property Types: Residential | Year Built: 2000 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Cedar | Roof: Asphalt | Floors: Carpet, Tile/Brick, Hardwood, Wood | Windows: Atrium, Bay/Bow, Double-Pane, Energy Efficient, Screens

Garage & Parking

Parking: Driveway - Asphalt | Garage: true

Lot

Lot size: 5.65 acres | Lot size: 246114 sqft | Lot Features: Backs to Trees, Rear Yard, Secluded, SideYard(s), Wooded, Front Yard | Zoning: RCDEO

Location

County: HOWARD-MD | Subdivision: KINGS GIFT | Directions: I-70 E- take exit 80 and merge onto MD-32 S. Turn Left onto MD-144 E, Left Onto Kings Gift Dr and Left onto Princess Ln. | MLS #: MDHW262436

Community

Condo Maintenance: Snow Removal, Common Area Maintenance, Road Maintenance | HOA Dues: $1000/ Annually

Appliances

Appliances: Microwave - Built In, Dryer, Washing Machine, Dishwasher, Exhaust Fan, Refrigerator, Extra Refrigerator/Freezer, Oven - Wall, Gas Oven / Range, Oven/Range - Electric, Stainless Steel Appliances, Water Heater, Ice Maker

Heating & Cooling

Air Conditioning: Natural Gas, Central Air, Programmable Thermostat, Zoned | Heating: Gas Heating (Natural), Forced Air | Fireplace: true, 3, Mantel(s), Gas/Propane

Utilities & Security

Utilities: Under Ground, Cable TV, Fiberoptic, Hot Water - Natural Gas | Sewer Service: Private/Community Septic Tank | Water Source: Public Supply | Safety and Security: Smoke Detector, Carbon Monoxide Detector

Accessibility

Accessibility: #NONE

School

School District: HOWARD COUNTY PUBLIC SCHOOL SYSTEM | Elementary School: MANOR WOODS | Middle School: MOUNT VIEW | High School: MARRIOTTS RIDGE

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: Jay A Day 

Listing courtesy of: Real Estate Teams, LLC 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 07, 2019 09:53AM EST ~ Verified on November 04, 2019 08:32PM 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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