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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
203 days on Owners.com
585 Middlefield Rd
Westford, NY 12155
4 Beds
4 Baths
2,468 ft2
$699,000
Owners.com Estimate:
Estimated Payment:$2,625/mo

RELAXING (adj): relieving stress and anxiety

A modern country property that is easy to care for and easy to enjoy. This land and this home are well loved and it shows in every detail. 140 acres, a two acre pond, two miles of trails, lovely gardens, all arranged to minimize work and maximize relaxation. The house, a solidly built 1983 Colonial at the end of a long, paved drive, is an easy keeper. It has lots of windows, generous rooms, wood floors, three levels and a whole house generator. The lowest level is a charming studio apartment, perfect for guests, a caretaker, or income from the busy Cooperstown tourist trade. The outdoor space has everything you could hope for in a full or part-time country property. A lovely stocked pond, wide trails for hiking, riding or snowmobiling, and a 7 stall barn with tack and wash stalls, plus large, fenced paddocks, every amenity for you and your animal friends has been considered. Less than ten miles to Cooperstown, it is everything you could want in a country property in one beautiful package.

Property type
Single Family Home
Year built
1983
Price/Sqft
$283
MLS #
120364
Lot Size
6141960 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 | Basement: Full

Bathrooms

# of Full Bathrooms: 3
# of Quarter Bathrooms: 0
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Eco-Friendly, Kitchen Isle, Skylight(s), Lighting - Track, Closet(s) - Walk-in

Exterior

Features: Barn, Patio, Pond, Satellite Dish

Building

Property Types: Single Family Home, Residential | Year Built: 1983 | Architecture: Colonial | Construction: Frame | Roof: Asphalt, Shingle or Shake | Foundation: Block | Floors: Tile - Ceramic, Tile, Wood

Garage & Parking

Garage: Attached

Lot

Lot size: 141.00 acres | Lot size: 6141960 sqft

Location

County: Otsego | Real Estate Area: 23-Roseboom/CherryValley/Westfrd Twnshps | Directions: From Route 166, Rt 35 into Middlefield, then straight through on Middlefield Road. House is set far back from the road on the right. | MLS #: 120364

Appliances

Appliances: Dishwasher, Dryer, Exhaust Fan/Hood, Range, Refrigerator, Washing Machine, Water Heater - Oil

Heating & Cooling

Heating: Baseboard, Oil | Fireplaces: 1, Wood

Utilities & Security

Sewer Service: Septic | Water Source: Well

School

School District: Schenevus

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

Property History & Valuation

Local Insights

Listing provided by: Susan Barnett 

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: September 16, 2019 10:50AM 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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