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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
196 days on Owners.com
2509 Culpeper Rd
ALEXANDRIA, VA 22308
4 Beds
3 Baths
1,293 ft2
$525,000
Owners.com Estimate:
Estimated Payment:$1,971/mo

Established home in a great location! Sitting on a generous, wooded quarter-acre lot, this pretty four-bedroom house requires some renovation, but is a great opportunity to live in the desirable Stratford on the Potomac neighborhood

The house features a large lower-level rec room with fireplace, a kitchen with track lighting and tons of cabinet space, and a master bedroom suite with updated bath. An enclosed patio looks out on a beautiful fenced-in yard. Close to Mount Vernon and the George Washington Memorial Parkway, with easy access to Old Town Alexandria and Washington, DC.

Property type
Residential
Structure
Two Story, Story - Lower 1, Story - Main
Year built
1963
Price/Sqft
$406
MLS #
VAFX1057488
Lot Size
11371 sqft
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SAVE PREFERENCES

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 | Basement: true, Finished

Bathrooms

# of Full Bathrooms: 3

Exterior

Features: Porch, Living Structures - Screened, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1963 | Structure: Two Story, Story - Lower 1, Story - Main | Architecture: Cape Cod, Detached | Construction: Brick, Combination | Floors: Hardwood

Garage & Parking

Garage: false

Lot

Lot size: 0.26 acres | Lot size: 11371 sqft | Zoning: 130

Location

County: FAIRFAX-VA | Subdivision: STRATFORD ON THE POTOMAC | Directions: From Fort Hunt, turn on to Elkins which becomes Londonderry, right on Camden, left on Childs right on Culpeper | MLS #: VAFX1057488

Appliances

Appliances: Dishwasher, Disposal, Dryer, Washing Machine, Refrigerator, Ice Maker, Stove

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Gas Heating (Natural), Central Heating | Fireplace: true, 1, Fireplace - Glass Doors

Utilities & Security

Utilities: Hot Water - Natural Gas | Sewer Service: Public Septic | Water Source: Public Supply | Safety and Security: Smoke Detector

Accessibility

Accessibility: #NONE

School

School District: FAIRFAX COUNTY PUBLIC SCHOOLS | Elementary School: STRATFORD LANDING | Middle School: CARL SANDBURG | High School: WEST POTOMAC

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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Property Tax

Price History

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Price
Source: County(Public) Records

School Information

Property History & Valuation

Local Insights

Listing provided by: Christopher Craddock 

Listing courtesy of: Keller Williams Realty 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: August 26, 2019 09:50AM 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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