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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
201 days on Owners.com
6505 Plowman Rdg
HARRISBURG, PA 17112
4 Beds
5 Baths
5,601 ft2
$749,000
Owners.com Estimate:
Estimated Payment:$2,813/mo
HOA:$275, Annually

This stunning custom built home designed with unsurpassed craftsmanship and attention to detail is located in sought after Deaven Woods Community, Lower Paxton Township

This home showcases grand-scale living spaces, magnificent grounds and serene views of the backyard retreat. The second you enter the two-story formal entry the striking sculptural staircase immediately draws in the most discriminating buyer with an eye for design. Crafted by Ionni fine custom homes in 2009 this home filled with warmth & character offers many fine details including, a perfect blend of modern and contemporary design. Offering approximately 5,500 total sq. feet of living space this home offers everything you would expect and more. The main floor offers many places to gather with the phenomenal 31~ x 18~ chef~s kitchen with oversized center island, endless solid wood cabinets, granite counters, walk-in pantry and top of the line appliance package all open to great room. The 21~ x 19~ light-infused great room also offers the warmth and comfort of a gas burning fireplace. Enjoy fine meals in the elegant formal dining room with tray ceiling, wainscoting and access to the butler~s pantry and walk-in wine gallery. Main floor also includes 13~ x 12~ den with custom built-ins, guest bath and large mud/laundry room with door leading to three car oversized garage. Upper level provides a 22~ x 18~ master bedroom suite with tray ceilings. The master bedroom suite features two large walk-in closets with custom built-ins organizers and a stunning master bath with jacuzzi tub and walk-in shower wrapped in ceramic tile and elite tile floor. Upper level also includes 3 exceptional bedrooms and 2 additional bathrooms. With approximately $250,000 invested alone in the spectacular finished walk-out lower level and back yard retreat you will be amazed with what they both have to offer. The 45~ x 42~ Family Room features a custom wet bar second to none with lots of granite counter space, 50lb ice maker, stainless steel refrigerator and of course a single tab beer kegerator. Family room also offers powder room, plenty of additional storage space and access to your own back yard paradise. Enjoy your down time the right way with the heated salt water pool with water fall, wrapped in huge paver patio with custom stone wet bar with big screen tv, brick fire pit, hot tub and partially covered composite wood deck. Please call today to view this breathtaking better than building a new home.

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main, Story - Upper 1
Year built
2009
Parking
Driveway - Asphalt, Lighted Parking, Driveway - Pavers
Price/Sqft
$134
MLS #
PADA109922
Lot Size
0 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 | Room Types: Dining Room, Bedroom(s) - Master, Bedroom 3, Bedroom 4, Kitchen, Family Room, Den, Foyer, Great Room, Laundry, Storage Room, Bathroom 2, Master Bathroom, Full Bath, Half Bath | Basement: true, #OTHER

Bathrooms

# of Full Bathrooms: 3
# of Half Bathrooms: 2

Interior

Features: Bar, Built-in(s), Butlers Pantry, Ceiling - Fan(s), Chair Rail, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Lighting - Recessed, Wainscoting, Wet/Dry Bar, Window Treatments

Exterior

Features: #OTHER, Exterior Lighting, Flood Lights, Hot Tub / Spa, Stone Retaining Walls, Water Falls, Deck, Patio, Living Structures - Roof, Above Grade, Below Grade | Pool: Heated, In Ground, Saltwater

Building

Property Types: Residential | Year Built: 2009 | Structure: Two Story, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Traditional, Detached | Construction: Frame | Roof: Shingle - Composition | Floors: Tile - Ceramic, Wood, Carpet

Garage & Parking

Parking: Driveway - Asphalt, Lighted Parking, Driveway - Pavers | Garage: true

Lot

Lot size: 0.00 acres | Lot size: 0 sqft | Zoning: RESIDENTIAL

Location

County: DAUPHIN-PA | Subdivision: DEAVEN WOODS | Real Estate Area: Lower Paxton Twp (14016) | Directions: 81 to Paxtonia ext, straight through stop light, left onto Old Jonestown Rd, at stop sign right onto Deaven Rd, left onto Plowman Ridge. | MLS #: PADA109922

Community

HOA Dues: $275/ Annually

Appliances

Appliances: Microwave - Built In, Range - Built-in, Cooktop, Disposal, Ice Maker, Microwave, Oven - Wall, Gas Oven / Range, Refrigerator

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Forced Air | Fireplaces: 0

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - 220 Volts, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: CENTRAL DAUPHIN | Elementary School: PAXTONIA | Middle School: CENTRAL DAUPHIN | High School: CENTRAL DAUPHIN

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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Local Insights

Listing provided by: DAVID P GIOVANNIELLO, BROKER 

Listing courtesy of: For Sale By Owner Plus, REALTORS 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 29, 2019 09:53AM 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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