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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
195 days on Owners.com
3228 Light Way
MECHANICSBURG, PA 17055
3 Beds
3 Baths
2,020 ft2
$270,990
Owners.com Estimate:
Estimated Payment:$1,018/mo
HOA:$82, Monthly

There's a better way to live in the suburbs

Discover Arcona, The Great American Neighborhood in Mechanicsburg, offering parks, shops, restaurants and more all steps from your front door. Walk to the brand new Spring Gate winery and beer garden opening in 2020. Move in Ready November 2019! Featuring the Stockton floorplan, this townhome offers 2,020 sq ft of low maintenance living. A large, spacious great room with balcony access is the centerpiece of your main living floor with a dining room and upgraded modern kitchen with Walk-In pantry in the back of the home. The lower level with entry porch, provides a welcoming and spacious entry for guests. Multiple storage spaces, a large entry, finished gameroom and oversized 2-car garage finish out the lower level. The upper floor features an Owner's Retreat with a large Walk-In closet and Retreat Owner's Bathroom with large double vanity. Two additional bedrooms with full bath, dedicated laundry closet, and ample hall and bedroom closet space finish out the upper floor. This townhome comes with linen painted maple cabinetry, stainless steel gas cooking, granite countertops, 9 ft ceilings, floor to ceiling windows, kitchen tile backsplash, recessed lighting and much more.

Property type
Residential
Structure
Three or More Stories, Story - Main, Story - Upper 1, Story - Upper 2
Year built
2019
Parking
Free Parking
Price/Sqft
$134
MLS #
PACB112738
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: 3 | Room Types: Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Kitchen, Game Room, Foyer, Great Room, #OTHER, Bathroom 2, Master Bathroom, Half Bath | Basement: false

Bathrooms

# of Full Bathrooms: 2
# of Half Bathrooms: 1

Interior

Features: Dining Area, Floor Plan - Open, Combination Kitchen/Living, Family Room Off Kitchen, Lighting - Recessed, Built-in(s), Walls - Dry

Exterior

Features: Exterior Lighting, Sidewalks, Porch, Balcony, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2019 | Structure: Three or More Stories, Story - Main, Story - Upper 1, Story - Upper 2 | Architecture: Contemporary, Townhouse/Rowhouse | Construction: Stick Built | Roof: Asphalt | Siding: Vinyl | Foundation: Slab | Floors: Vinyl, Carpet

Garage & Parking

Parking: Free Parking | Garage: true

Lot

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

Location

County: CUMBERLAND-PA | Subdivision: ARCONA | Real Estate Area: Lower Allen Twp (14413) | Directions: Conveniently located on the West Shore of Harrisburg. Take I 83 South to PA 581W via exit 41A toward Camp Hill/Gettysburg. Take the US 15 S exit toward Gettysburg and follow for approximately 2.5 miles. Take the Rossmoyne Road exit. Turn left onto Rossmoyne Road. In 1.3 miles take a right onto Strong Road. Take a left on Market House Lane, and continue across Arcona road onto Saxton Way. Turn right onto Molly~s Run. Home Store will be on the left. | MLS #: PACB112738

Community

Condo Maintenance: Common Area Maintenance, Lawn Maintenance, Snow Removal | HOA Dues: $82/ Monthly

Appliances

Appliances: Gas Oven / Range, Microwave, Dishwasher, Disposal, Oven - Self-cleaning, Stainless Steel Appliances, Washer/Dryer Hookups Only

Heating & Cooling

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

Utilities & Security

Utilities: Cable TV Available, Electric Service - 200+ Amp Service | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector, Carbon Monoxide Detector

Accessibility

Accessibility: Doors - Swing In

School

School District: WEST SHORE | Elementary School: ROSSMOYNE | Middle School: ALLEN | High School: CEDAR CLIFF

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: Thomas E Despard 

Listing courtesy of: Cygnet Real Estate Inc. 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: October 14, 2019 05:56AM 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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