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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
204 days on Owners.com
12 Woodland Dr
PRINCETON, NJ 08540
3 Beds
2 Baths
-- ft2
$689,000
Owners.com Estimate:
Estimated Payment:$2,587/mo

$100,000 reduction, renovated and ready for a quick closing! Perfect for first time home buyers or as a scale down home in a University Town

This updated ranch sits on a quiet enclave of Princeton in a gem of neighborhood known as Hillside Terrace. Almost a half acre of ground with trees, small woods and gorgeous gardens to enchant you in the spring and summer. Inside boasts gracious size rooms that flow easily for everyday living or entertaining. The living room has a fireplace with a wood mantle and a large bay window with a deep sill that is sure to delight pets and plants with natural sunlight. The living room opens to the formal dining room with two corner built-in cabinets and opens to the kitchen which was updated to include stainless steel appliances, granite counters, newer cabinets, a breakfast bar and eating area among a wall of casement windows with a back door that opens to the wood deck for easy outdoor entertaining and BBQ. A back hallway with laundry area and mudroom entry from the garage also accesses a sunken family room with a frosted glass door for privacy and a plate window overlooking the deck and backyard with a second door to the rear yard (closet was removed and can be re-installed by owner for fourth bedroom use.) The right side of the home offers three bedrooms and two full baths-the master bedroom has a walk-in closet and an updated master bath ad the other two bedrooms share an updated hall bath. An open staircase leads down to the basement that could be finished for additional living space,

Property type
Residential
Structure
Single Story, Story - Lower 1, Story - Main
Year built
1953
Price/Sqft
-
MLS #
NJME266198
Lot Size
20038 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: 3
Virtual Tour: virtual tour | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Family Room, Breakfast Room | Basement: true, Unfinished

Bathrooms

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

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1953 | Structure: Single Story, Story - Lower 1, Story - Main | Architecture: Ranch, Detached | Construction: Frame | Roof: Asphalt

Garage & Parking

Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 0.46 acres | Lot size: 20038 sqft | Lot Features: Level, Partly Wooded | Zoning: R5

Location

County: MERCER-NJ | Subdivision: HILLSIDE TERRACE | Real Estate Area: Princeton (21114) | Directions: From Princeton Bayard Lane turns into Rt 206-just pass Jefferson Road-left on Mangrove and right on Woodland. | MLS #: NJME266198

Community

Condo Maintenance: #NONE

Appliances

Appliances: Range - Built-in, Dishwasher, Refrigerator, Range Hood

Heating & Cooling

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

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: Ramp - Main Level

School

School District: PRINCETON REGIONAL SCHOOLS | Middle School: JOHN WITHERSPOON M.S. | High School: PRINCETON

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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Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Heidi A. Hartmann 

Listing courtesy of: CB Residential Brkg-Princeton 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 24, 2019 05:29AM 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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