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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
195 days on Owners.com
54 Chicory Ln
PENNINGTON, NJ 08534
5 Beds
4 Baths
3,337 ft2
$599,000
Owners.com Estimate:
Estimated Payment:$2,249/mo
HOA:$133, Quarterly

Reduced and ready for a quick sale- this is a one-of-a-kind expanded colonial with dynamite features! Backing to woods, on a very private lot with a thoughtful second floor addition and room reorganization that gives this property a unique floor plan

A full covered front porch opens to two-story foyer with front-to-back living room and dining rooms, nine foot ceilings give way for large windows where the sunlight floats freely throughout the first level. Eat-in kitchen with center island, desk space, stainless steel appliances and a walk-in pantry. A French door accesses the deck and a former laundry room is now a full mudroom with a second door to the deck. The family room is opened to the kitchen and offers a gas fireplace for cozy winter days. Upstairs has been transformed, you will love to do laundry (even if you don't like to...) in this laundry room with lots of sun, cabinets and folding counters, two bedrooms at this end of the house share a hall bath, the master bedroom has a vaulted ceiling, dual walk-in closets and a master bath. The newer wing has a dynamite office with glass French doors that open to a balcony overlooking the backyard, A Jack-N-Jill suite was formed with a front and rear bedroom that share a bath between them. The lower level rocks with fun and games, a raised dance floor with disco ball above, game room for Ping-Pong or pool and a media area where movies are projected on the wall and windows allow the daylight in. The backyard is private with a walking path to the right of the property and a back gate that makes accessing the community pool from this home a breeze during the summer months. A circular area has been graveled for a fire pit and raised beds with irrigation on the opposite side of the house are ready for your herbs and vegetable gardening. The two- car garage is oversized with a large work room in the rear with floor-to-ceiling storage-don't miss it! This is living at it's best!

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1993
Price/Sqft
$180
MLS #
NJME277624
Lot Size
13068 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: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Game Room, Family Room, Breakfast Room, Great Room, Laundry, Mudroom, Study / Office | Basement: true, Daylight, Full

Bathrooms

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

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1993 | Structure: Two Story, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Frame

Garage & Parking

Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 0.30 acres | Lot size: 13068 sqft | Lot Features: Backs - Open Common Area | Zoning: R-5

Location

County: MERCER-NJ | Subdivision: BRANDON FARMS | Real Estate Area: Hopewell Twp (21106) | Directions: Denow Road to Chicory Lane. | MLS #: NJME277624

Community

HOA Dues: $133/ Quarterly

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplace: true, 1, Gas/Propane

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: HOPEWELL VALLEY REGIONAL SCHOOLS | Elementary School: STONY BROOK E.S. | Middle School: TIMBERLANE M.S. | High School: HV CENTRAL

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: Heidi A. Hartmann 

Listing courtesy of: CB Residential Brkg-Princeton 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 25, 2019 10:38AM 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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