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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 63 days
43725 Collett Mill Ct
LEESBURG, VA 20176
4 Beds
5 Baths
4,115 ft2
Sold for
$730,000
Owners.com Estimate:
Estimated Payment:$2,779/mo
HOA:$185.40, Monthly

This nearly all brick home in Lansdowne on the Potomac is situated on a quaint cul de sac

Uniquely backing to a 6 acre park, you will be surrounded by water features and lush professional landscaping. A 2-story family room with stone fireplace, built-in book cases warms the area. The chef of the house will enjoy the gourmet cooktop with pull out hood & lighting, center granite top island, black granite counters and dual ovens. A luxurious main level master suite with a large closet. The master bath features separate vanities and a soaking tub. Upper level has 3 generous sized bedrooms and 2 more full baths. An extremely spacious walkout basement/rec room with a full bathroom is perfect for movie night, gaming or other entertaining. Easily changeable to make it your own! Entertain outdoors on the large deck with stairs to slate patio below. A pond with tricking water awaits you to ease the stress away from the day. The back yard will reward nature lovers with professional plantings. Abundance of amenities in the community.

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
2002
Parking
Driveway - Pavers
Price/Sqft
$180
MLS #
VALO387464
Lot Size
8712 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: 4
Virtual Tour: virtual tour | Room Types: Dining Room, Bedroom(s) - Master, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Breakfast Room | Basement: true, Full, Daylight, Partial, Connecting Stairway, Finished, Heated, Interior Access, Outside Entrance, Walkout Level, Windows

Bathrooms

# of Full Bathrooms: 4
# of Half Bathrooms: 1

Interior

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

Exterior

Features: Fenced Back Yard, Decorative Fence, Extensive Hardscape, Water Fountains, Deck, Patio, Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 2002 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Brick | Floors: Carpet, Tile - Ceramic | Windows: Screens, Energy Efficient, Double-Pane, Vinyl Clad

Garage & Parking

Parking: Driveway - Pavers | Garage: true

Lot

Lot size: 0.20 acres | Lot size: 8712 sqft | Lot Features: Backs to Trees, Backs - Parkland, Landscaping, No Thru Street, Rear Yard, Wooded | Zoning: *

Location

County: LOUDOUN-VA | Subdivision: LANSDOWNE ON THE POTOMAC | Directions: From Tysons Corner via Rt. 7. Take the Lansdowne Blvd. exit. Turn left onto Riverpoint Dr. Turn right onto Chartier Dr. Turn left onto Collett Mill Ct. The house will be on your left. | MLS #: VALO387464

Community

Condo Maintenance: Pool(s), Recreational Facilities, Reserve, Trash, Snow Removal, Cable, Common Area Maintenance, Fiber Optics Available, High Speed Internet, Management, Standard Phone Service | HOA Dues: $185.40/ Monthly

Appliances

Appliances: Microwave - Built In, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Oven - Wall, Cooktop, Washing Machine

Heating & Cooling

Air Conditioning: Electric, Central Air, Zoned | Heating: Gas Heating (Natural), Forced Air, Zoned, Heat Pump | Fireplace: true, 1, Fireplace - Glass Doors, Gas/Propane, Mantel(s), Stone

Utilities & Security

Utilities: Cable TV, Fiberoptic, Gas Utlities (Natural Available), Telephone, Under Ground, Wastewater / Sewage, Water, DSL Available, Hot Water - Natural Gas | Sewer Service: Public Sewer | Water Source: Public Supply | Safety and Security: Smoke Detector, Electric Alarm, Main Entrance Lock

Accessibility

Accessibility: Level Entry - Main, Low Pile Carpeting

School

School District: LOUDOUN COUNTY PUBLIC SCHOOLS | Elementary School: STEUART W. WELLER | Middle School: BELMONT RIDGE | High School: RIVERSIDE

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: Kimberly A Spear 

Listing courtesy of: Keller Williams Realty 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: August 23, 2019 10:31AM EST ~ Verified on October 16, 2019 01:57PM 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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