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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
200 days on Owners.com
1950 Winter Hollow Road
Middletown, NY 12459
5 Beds
5 Baths
3,113 ft2
$640,000
Owners.com Estimate:
Estimated Payment:$2,403/mo

Orange is the new black and French Country is the 'new-again' style choice for the coming decade

This 2004 home has all the right parts in all the right places! Located in the Great Western Catskills half-way between Margaretville and Bovina, this 47-ACRE property adds grandeur to an already beautiful valley. With PANORAMIC CATSKILL MOUNTAIN VIEWS, no matter the room - even standing at the enameled farm sink in the kitchen. DESIGNED FOR ENTERTAINING, the floor plan is the ideal 4-season VACATION spot, or even better full-time residence with single-floor living capability, plus room for guests, families, you name it. The kitchen has GRANITE COUNTER-TOPS, and the convenience of a BUILT-IN ISLE for cutting and prep work, or just enjoying company with a glass of wine. The entire main living area is a VAST OPEN CONCEPT PLAN - from the kitchen to the dining area to the living room and out onto the deck - echoing the expanse of the mountain landscape. 4 double-glass doors open onto the deck offering near unobstructed consumption of that amazing view. In warmer months, open these doors and you'll feel like the entire living/dining area is one giant entertainment space. When the temperature drops, you'll appreciate the STACKED-STONE wood-burning FIREPLACE rising to the full height of the soaring 2-story 30-foot CATHEDRAL CEILING, with EXPOSED BEAMS in the living room. The 2nd floor catwalk expands your view of the western slopes - a framed portrait of these pastoral ancient slopes. A stone entrance from the road leads to an arching driveway across the front of the 47+ acres, ending at a circular drive just steps from the front door of the home's main level. INTERIOR DETAILS >>> 1st FLOOR: 2 bedrooms on the main floor, each with their own bathrooms, and den, dining, kitchen, living room, laundry room and access to the 2-car garage (with 26x24 ft second floor - think 6th bedroom or office, studio or play space!) 2nd FLOOR: CATWALK WITH VIEWS, 2 bedrooms, each with their own full bath. GROUND FLOOR: Expansive FULL-WALKOUT GROUND FLOOR with a 5th full bed room and KITCHENETTE, family room with PROPANE-GAS-LOG FIREPLACE (with thermostat), a walkout stone patio, a gorgeous full bath with HAND-MADE MARBLE TILE, a SAUNA and gym room - this is more like a spa apartment than a simple family room (separate entrance), (plus access to a large utility room and electrical room.) Whether on the ground floor, main floor, or the second floor, you will find no area lacking. Attention to detail is in every corner of the home. Elegant tile. Hardwood floors. Top-of-the-line finishing. French country with contemporary luxury without the trans-Atlantic flight. 2.5 hours from the GWB.

Property type
Single Family Home
Year built
2004
Price/Sqft
$206
MLS #
120991
Lot Size
2058646 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 | Basement: Finished, Full, Walk Out

Bathrooms

# of Full Bathrooms: 5
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Cathedral, Ceiling - Fan(s), Kitchen Isle, Open Beam Ceiling, Security System, Skylight(s), Closet(s) - Walk-in

Exterior

Features: Deck, Patio, Porch

Building

Property Types: Single Family Home, Residential | Year Built: 2004 | Architecture: Contemporary, 2 Story | Construction: Frame, Stone | Roof: Asphalt, Shingle or Shake | Foundation: Poured Concrete | Floors: Carpet, Marble, Wood

Garage & Parking

Garage: Attached

Lot

Lot size: 47.26 acres | Lot size: 2058646 sqft

Location

County: Delaware | Real Estate Area: 44-Andes/Roxbury/Middletwn/Bovina Twnshp | Directions: From Delhi: take NY-28 S toward Andes 7 miles >> Left onto Cty Hwy 6 toward Bovina, continue onto New Kingston Rd and go 3 miles >> Turn left onto Old Winter Hollow Rd .4miles, then right onto Winter Hollow Rd. House is on left in .2 mi- see stone wall entrance. From Margaretville: Take Walnut St - becomes Margaretville Mountain Rd >>Turn right onto Co Rd 6 >> 2.3 mi, right onto Thompson Hollow Rd >> .3 mile, turn left onto Winter Hollow Rd. House is on left in .2 mi- see stone wall entrance. | MLS #: 120991

Appliances

Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Oven, Range, Refrigerator, Washing Machine, Water Heater - Electric, Water Filter

Heating & Cooling

Heating: Forced Air, Oil, Propane | Fireplaces: 2, Gas, Wood

Utilities & Security

Utilities: DSL | Sewer Service: Septic | Water Source: Well

School

School District: Margaretville

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

School Information

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Local Insights

Listing provided by: Susan Muther 

Listing courtesy of: Keller Williams Upstate NY Pro |  (607) 431-2540 

Otsego-Delaware Board of Realtors®

Tools for buyers

Data provided by: Otsego-Delaware Board of Realtors®
Last detected update: October 07, 2019 09:36AM EST ~ Verified on November 10, 2019 06:25AM 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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