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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."
SOLD
Sold in 56 days
1923 S 18th St
PHILADELPHIA, PA 19145
2 Beds
2 Baths
1,830 ft2
Sold for
$400,000
Owners.com Estimate:
Estimated Payment:$1,573/mo

This 16' wide by 55' deep house on a 73' deep lot is 1830 sq ft with the finished basement and a great opportunity to have an expansive living level in an extensively renovated two-story row house

Enter this century-old home through a mid-century facade into the original foyer with white hexagon tiles on the floor, ceramic tiled walls, and the original pair of multi-paned wood and glass doors that lead into the living area. The open living level features 10' ceilings, original pine floors, exposed brick, and the original wooden staircase leading to the second floor. The living area has room for a comfortable seating area; adjacent to the stairs is room for a dinner party. The large kitchen features appliances and cabinetry on both walls offering plenty of counter space and storage. Beyond the kitchen is a really nice flex space that could be used as an additional seating area, office, breakfast area, or add closets and a bike rack. This room has a pair of sliders that opens to a large outdoor space with a raised bed that is ready for planting grass, planting a garden, or accommodating a deck. Downstairs is a fully finished basement that was lowered 18' to create an 8' ceiling height. It features a ground water mitigation system, ceramic tiles, recessed lighting, and a large and secure glass block window for natural light. The basement also offers good storage areas in the mechanical closets. The 2nd floor of the home features a beautiful owner's suite with expanded windows, a sloped ceiling that extends above 11', exposed brick, and a beautiful original built-in armoire. Off the bedroom is a walkthrough closet area with a pair of 6' closets, leading to a private owners' bath with fully tiled frameless glass shower, an expansive vanity, dual mirrors, and paired lighting. At the top of the stairs is a full hall bath, with subway tile, a tub with shower, and a space-saving sink. The rear bedroom is ample in size with good closet space and a pair of double-hung windows that allow beautiful morning light. This house stands between two houses also undergoing extensive renovations on a good block near some really great neighborhood amenities including Rowhouse Grocery, Miss Rachel's Pantry, 2nd District, South Philly Tap Room, and the renowned Ultimo Coffee Shop. Walk 5 blocks east and you'll find yourself on East Passyunk Avenue with access to all the amenities of that retail avenue without the higher cost of homeownership east of South Broad. No matter where you are thinking you want to live in South Philadelphia, 1923 S 18 this a home you don't want to miss out on.

Property type
Residential
Structure
Two Story, Story - Main, Story - Upper 1
Year built
1920
Price/Sqft
$229
MLS #
PAPH792874
Lot Size
1173 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: 2 | Room Types: Living Room, Dining Room, Bedroom(s) - Master, Kitchen, Basement, Bedroom 1, Bathroom 1, Master Bathroom | Basement: true, Full, Finished

Bathrooms

# of Full Bathrooms: 2

Interior

Features: Dining Area

Exterior

Features: Patio, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1920 | Structure: Two Story, Story - Main, Story - Upper 1 | Architecture: Traditional, Townhouse/Rowhouse | Construction: Masonry | Roof: Rubber | Floors: Hardwood, Wood

Garage & Parking

Garage: false

Lot

Lot Dimensions: 16.00 x 73.33 | Lot size: 0.03 acres | Lot size: 1173 sqft | Zoning: RM1

Location

County: PHILADELPHIA-PA | Subdivision: NEWBOLD | Real Estate Area: 19145 (19145) | MLS #: PAPH792874

Appliances

Appliances: Dishwasher, Gas Oven / Range, Washer/Dryer Hookups Only, Stainless Steel Appliances, Refrigerator

Heating & Cooling

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

Utilities & Security

Sewer Service: Public Sewer | Water Source: Public Supply

Accessibility

Accessibility: #NONE

School

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

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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Price History

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Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Michael Garden 

Listing courtesy of: SPACE & COMPANY 

Bright MLS

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Data provided by: Bright MLS
Last detected update: July 01, 2019 12:14PM 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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