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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
205 days on Owners.com
1145 Darczuk Dr
GARNET VALLEY, PA 19060
5 Beds
4 Baths
4,886 ft2
$769,000
Owners.com Estimate:
Estimated Payment:$2,888/mo

Exceptional beautifully decorated 5 bedroom Devon model colonial home by Benson Homes nestled on nearly an acre private & peaceful lot in the sought after neighborhood of Pondview and the top ranked Garnet Valley school district; a rare find and only available due to downsizing

This gorgeous home is a must see with its warm and inviting charm featuring an open floor plan and lovely amenities including a lushly landscaped yard that is irrigated by an automated irrigation system, unique circular drive, a grand stone facade, a breathtaking center hall main entrance with gleaming cherry wood floors that flow throughout the first level, a regal turned staircase and gorgeous mill-work. The exquisite chefs kitchen with granite counters, center island, upgraded top end cabinetry, stainless appliances including a sub-zero refrigerator, recessed lighting, double ovens, and pantry is adjacent to a bright & sunny morning room walking out to the low maintenance deck overlooking the beautiful private tree lined and fenced rear yard. The lovely family room is bright & cheery, featuring a vaulted ceiling and a cozy fireplace. The grand formal dining room is conveniently located to the kitchen, and there is a lovely formal living room. Also located on the first floor is a private study/office, a half bath and convenient inside access to a large 3 car garage. On the second level, an extravagant master suite is complimented by an exquisite tray ceiling, two large walk in closets, and a bright & grand tiled master bath with his & her vanities and oversized soaking tub, as well as a large sitting room area. Four additional spacious bedrooms and two additional baths complete the upper level including a Jack & Jill Suite, a Princess Suite and a 5th bedroom. Every bedroom has ceiling light fixtures. The laundry is also located on the upper level for added convenience. The walk up daylight basement is ready to be finished. Additional amenities include a state of the art security system and motion sensor outdoor lighting. In the heart of Garnet Valley and an abundance of family amenities including The Brandywine Youth Clubs, Darlington Arts Center, Dance Studios and other activities for youths, and just down the street from Bethel Springs Elementary School, this home provides easy access to all major routes to corporate centers, shopping, Philadelphia, Wilmington and NYC. Pre list stucco inspection completed by Spotlight Home Inspections showed no issues. Report available.

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
2006
Price/Sqft
$157
MLS #
PADE489826
Lot Size
37915 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 4, Bedroom 5, Kitchen, Family Room, Breakfast Room, Laundry, Study / Office, Bathroom 2, Bathroom 3, Half Bath | Basement: true, Full

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Chair Rail, Crown Moldings, Double/Dual Staircase, Family Room Off Kitchen, Floor Plan - Open, Lighting - Recessed, Wainscoting, Walls - Dry

Exterior

Features: Extensive Hardscape, Exterior Lighting, Flood Lights, Deck, Above Grade, Below Grade | Irrigation: Lawn Sprinkler

Building

Property Types: Residential | Year Built: 2006 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Traditional, Colonial, Detached | Construction: Frame, Masonry | Floors: Carpet, Hardwood, Tile - Ceramic, Wood | Windows: Energy Efficient, Double-Pane

Garage & Parking

Garage: true

Lot

Lot Dimensions: 0.00 x 0.00 | Lot size: 0.87 acres | Lot size: 37915 sqft | Lot Features: Level, Open Land, Premium | Zoning: RESIDENTIAL

Location

County: DELAWARE-PA | Subdivision: PONDVIEW | Real Estate Area: Bethel Twp (10403) | Directions: Bethel Rd to Hammond Drive to Darczuk Drive - home is on the the right at end of long driveway | MLS #: PADE489826

Appliances

Appliances: Microwave - Built In, Cooktop, Dishwasher, Disposal, Oven - Dual, Oven - Self-cleaning, Oven - Wall, Range Hood, Refrigerator, Stainless Steel Appliances

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: GARNET VALLEY | Elementary School: BETHEL SPRINGS | Middle School: GARNET VALLEY | High School: GARNET VALLEY HIGH

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: John C Williams 

Listing courtesy of: RE/MAX Excellence - Kennett Square 

Bright MLS

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Data provided by: Bright MLS
Last detected update: August 28, 2019 04:19AM 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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