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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
200 days on Owners.com
112 Cibolo Holw N
Boerne, TX 78015
4 Beds
4 Baths
3,481 ft2
$714,900
Owners.com Estimate:
Estimated Payment:$2,684/mo
HOA:$720, Annually

Spectacular 2 story home on 5

35 acres w/incredible views & privacy! Spacious master suite downstairs w/outside access overlooking an outdoor paradise w/sparkling pool & lots of oak trees. Private gated entrance to property on a cul de sac. Additional 3 car garage which can also be used as a shop or barn. Beautifully manicured 1.5 acre fenced exercise yard, 2 professional stalls & huge game room upstairs for entertaining. Tankless water heaters, HVACs replaced in past few years & foam insulation!

Property type
Single Family Home
Structure
Two Story
Year built
1997
Parking
Garage - Automatic Opener, Garage - Detached, Garage - Attached, Garage - Side Entry, Oversized
Price/Sqft
$205
MLS #
1381350
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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
Virtual Tour: virtual tour | Room Types: Walk-in Pantry, Study/Library, Game Room, Laundry

Bathrooms

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

Interior

Features: Ceiling - Fan(s), Chandelier, Plumb for Water Softener, Down Draft, Two Living Area, Separate Dining Room, Breakfast Bar, Utility Room Inside, 1st Floor Lvl/No Steps, Open Floor Plan, Window Coverings - All Remain

Exterior

Features: Patio Slab, Wrought Iron Fence, Has Gutters, Mature Trees, Stable, Wire Fence, Fence - Cross, Fenced Ranch | Pool: true, In Ground

Building

Property Types: Single Family Home | Year Built: 1997 | Structure: Two Story | Architecture: Traditional | Roof: Composition | Siding: Brick, 3 Sides Masonry, Cement Fiber | Foundation: Slab | Floors: Carpet, Tile - Ceramic, Wood | Windows: Double-Pane

Garage & Parking

Parking: Garage - Automatic Opener, Garage - Detached, Garage - Attached, Garage - Side Entry, Oversized

Lot

Lot Dimensions: 233046 | Lot size: 5.35 acres | Lot range: 5 - 14 Acres | Lot Features: Cul de Sac, Horses Allowed, Partially Wooded, Mature Trees (ext feat), Secluded, Level

Location

County: Kendall | Subdivision: CIBOLO RIDGE ESTATES | Real Estate Area: 2502 | Directions: HWY 46 to Ammann Road. Proceed approximately 2 miles to Cibolo Ridge Estates entry. Go through the neighborhood gate, and left on Cibolo Hollow North. | MLS #: 1381350

Community

HOA Dues: $720/ Annually

Appliances

Appliances: Tankless Water Heater, Cook Top, Oven - Built-in, Microwave, Refrigerator, Dishwasher, Trash Compactor, Ice Maker Connection, Water Softener (Leased), Water Heater - Gas, Smooth Cooktop, Propane Water Heater, 2+ Water Heater Units

Heating & Cooling

Air Conditioning: Two Central | Heating: Central, 2 Units, Heating Fuel - Electric, Gas Heating (Propane Owned) | Fireplaces: 1, Wood Burning

Utilities & Security

Utilities: Cable TV Available, High Speed Internet, Telephone | Sewer Service: Septic | Water Source: Well - Private | Safety and Security: Smoke Alarm, Security System (Leased)

Accessibility

Accessibility: No Steps Down, Level Lot, First Floor Bath, Full Bath/Bed on 1st Flr, First Floor Bedroom, Stall Shower

School

School District: Boerne | Elementary School: CIBOLO CREEK | Middle School: Boerne Middle N | High School: Champion

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

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Local Insights

Listing provided by: Jennifer Santrock 

Listing courtesy of: Phyllis Browning Company |  (210) 408-2500 

Tools for buyers

Data provided by: San Antonio Board of REALTORS®
Last detected update: September 17, 2019 01:05AM EST ~ Verified on November 09, 2019 07:03PM 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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