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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
821 N Orkney St
PHILADELPHIA, PA 19123
3 Beds
4 Baths
3,182 ft2
$1,035,000
Owners.com Estimate:
Estimated Payment:$3,886/mo
HOA:$500, Annually

Upon entering through custom designed automated gates on Lawerence street you will find yourself in a drive aisle leading to a motor court of one of the very few gated communities in Northern Liberties

Once inside you will find homes of smooth graphite brick, aluminum composite clad facades, green roofs and multiple outdoor spaces outfitted with Trex decking. Each home features a built in full size 2 car garage that provides the utmost in convenience, privacy and security. Encompassing nearly 3200 square feet of living space this home invites you in with wide planked hard wood flooring throughout that boasts 3 spacious, private sunlit bedrooms with a tremendous amounts of closet space each of them are en-suite, finished with Porcelanosa vanities with plenty of storage, Grohe fixtures, and Toto toilets including the powder room on the first floor. An open concept living space throughout will allow you to customize and create this home to your own tastes with ceiling heights ranging from 9'-14' including a fully finished basement / media room as well as an additional unique and expansive flex space on the same level that could be used for a multitude of purposes such as a gym, home office or storage. The home is fitted with Pella Architect Series windows, hand forged steel railings, airy wood floating staircases and a plethora of room and wall space much like a canvas allowing you to customize to your liking. Atop this gracious home sits a roomy and bright pilot house that can be creatively designed to suit your outdoor entertaining or relaxation needs while over looking everything from Center City across the Westerly skyline for fantastic daily sunsets, an incredible vantage point for Fireworks over Fairmount and unobstructed views all the way past Temple~s campus. The entire home is efficiently and comfortably lit with 4" recessed LED lighting, built in speakers in the ceiling of every room throughout the home are connected to Sonos amplifiers. The kitchen provides a copious amount of Poggenpohl cabinetry centered by a 9 foot island to work on, prep meals or gather around while cooking with built in Thermador Professional appliances, luxurious quartz counter-tops and a custom backsplash.The home includes dual zone high efficiency Lennox A/C units allowing you adjust the comfort of each room you may be spending time in. A comprehensive security system, multiple monitors for a video security communication intercom system and Ecobee thermostats monitor the home. While the home provides plenty of privacy it is extremely conducive for entertaining as well with open split floor plans covering 6 levels. All of this and 7 additional years remaining of the a Tax Abatement, a nominal HOA fee covers common area insurance, lighting, maintenance and snow removal leaving you to enjoy your home without the upkeep of the outdoor amenities. This exclusive home is tucked away on a secluded gem of a wooded garden block in the heart of Northern Liberties yet it has a walking score of 95. In just a few minutes walk are some notable points of interest such as Cafe La Maude, Honey's Sit 'n Eat, Federal Donuts, Green Eggs Cafe, Liberty Lands Park, City Fitness, Yards Brewery, Target, The Fillmore, SugarHouse Casino and the MFL line at Spring Garden which has you arriving in Center City in just three stops.

Property type
Residential
Structure
Three or More Stories, Story - Lower 2, Story - Main, Story - Upper 2, Story - Upper 3
Year built
2016
Parking
Driveway - Shared, Under Home Parking, Private
Price/Sqft
$325
MLS #
PAPH789546
Lot Size
1081 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: Living Room, Bedroom(s) - Master, Bedroom 2, Kitchen, Bedroom 1, #OTHER, Media, Bathroom 1, Bathroom 2, Master Bathroom | Basement: true, Full, Connecting Stairway, Finished, Windows, Interior Access

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Floor Plan - Open, Lighting - Recessed, Window Treatments, Walls - Dry

Exterior

Features: BBQ Grill, Exterior Lighting, Deck, Balconies- Multiple, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2016 | Structure: Three or More Stories, Story - Lower 2, Story - Main, Story - Upper 2, Story - Upper 3 | Architecture: Straight Thru, Contemporary, Townhouse/Rowhouse | Construction: Masonry | Roof: Vegatation, Composite | Floors: Tile - Ceramic, Hardwood, Marble, Wood | Windows: Double-Pane, Energy Efficient, ENERGY STAR Qualified, Wood Frame, Screens

Garage & Parking

Parking: Driveway - Shared, Under Home Parking, Private | Garage: true

Lot

Lot Dimensions: 18.92 x 57.16 | Lot size: 0.02 acres | Lot size: 1081 sqft | Zoning: RSA5

Location

County: PHILADELPHIA-PA | Subdivision: NORTHERN LIBERTIES | Real Estate Area: 19123 (19123) | Directions: Front door is on N Orkney, quaint carriage street between 5th and Lawrence | MLS #: PAPH789546

Community

Condo Maintenance: Snow Removal, Security Gate, Reserve, Insurance, Ext Bldg Maint, Electricity, Common Area Maintenance | HOA Dues: $500/ Annually

Appliances

Appliances: Microwave - Built In, Range - Built-in, Dishwasher, Disposal, Dryer, Gas Dryer, Dryer - Front Loading, Dual Flush Toilets, Energy Star, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Freezer, ENERGY STAR Refrigerator, Exhaust Fan, Freezer, Ice Maker, Gas Oven / Range, Oven, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer - Front Loading, Water Heater - High Efficiency

Heating & Cooling

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

Utilities & Security

Utilities: Hot Water - Natural Gas, Electric Service - 200+ Amp Service | Sewer Service: Public Septic | Water Source: Public Supply | Safety and Security: Intercom, Sprinkler System - Indoor, Smoke Detector, Security System, Security Gate, Sprinkler System

Accessibility

Accessibility: #NONE

School

School District: THE SCHOOL DISTRICT OF PHILADELPHIA | Elementary School: GEN. PHILIP KEARNEY SCHOOL | Middle School: GEN. PHILIP KEARNEY SCHOOL | High School: BENJAMIN FRANKLIN

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: Clark Fennimore 

Listing courtesy of: Space & Company 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: August 09, 2019 02:53PM 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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