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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
202 days on Owners.com
930 Towlston Rd
MCLEAN, VA 22102
5 Beds
7 Baths
6,257 ft2
$1,850,000
Owners.com Estimate:
Estimated Payment:$6,947/mo

Great NEW PRICE! The best of both worlds!! Private setting with Great Falls feel and McLean and Tysons convenience! Natural light streams through this home highlighting the classic details and superlative craftsmanship with many sought-after amenities including en-suite bathrooms for all 5 bedrooms plus an additional 2 half-baths, extremely spacious closets, upper level laundry, 3-zones for heating and air conditioning, whole house generator, and much more

Built by renowned custom builder Eugene Cullinane with details such as extensive millwork, built-in cabinetry, ten-foot ceiling, six fireplaces, and wonderful access on two levels to outdoor slate and brick patios. The generously sized rooms thoughtfully laid out provide a marvelous space for large-scale entertaining while the surrounding woods and private drive make it feel like a cozy retreat. Additionally there is a large unfinished bonus room with vaulted ceiling and multiple windows on the second level, as well as a third-floor stand-up attic. Access to Difficult Run trail links the back yard to the Potomac and Great Falls without ever having to cross a road. This private setting is located in close proximity to major arteries providing convenient access to Washington, D.C., and Reagan National Airport, and Dulles International Airport.

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1986
Price/Sqft
$296
MLS #
VAFX1051758
Lot Size
71613 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: 5 | Room Types: Living Room, Dining Room, Bedroom 5, Kitchen, Family Room, Foyer, Great Room, Mother in Law Suite, Study / Office, Hobby Room, Full Bath, Half Bath | Basement: true, Full, Finished, Heated, Outside Entrance, Interior Access, Shelving, Daylight, Full, Connecting Stairway, Rear Entrance

Bathrooms

# of Full Bathrooms: 5
# of Half Bathrooms: 2

Interior

Features: Vacuum - Central, Built-in(s), Chair Rail, Crown Moldings, Floor Plan - Open, Wainscoting, Lighting - Recessed, Window Treatments

Exterior

Features: Above Grade, Below Grade

Building

Property Types: Residential | Year Built: 1986 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Traditional, Georgian, Detached | Construction: Brick | Floors: Hardwood, Tile - Ceramic, Carpet, Wood | Windows: Palladian

Garage & Parking

Garage: true

Lot

Lot size: 1.64 acres | Lot size: 71613 sqft | Zoning: 100

Location

County: FAIRFAX-VA | Subdivision: PEACOCK STATION | Directions: From Chain Bridge Road (Route 123) onto OLD DOMINION DR (toward Great Falls)**LEFT onto TOWLSTON RD **Short distance watch for white fence on RIGHT at end of fence RIGHT TURN onto private drive. 930 is on the LEFT. | MLS #: VAFX1051758

Appliances

Appliances: Cooktop, Dishwasher, Disposal, Washing Machine, Dryer, Microwave - Built In, Microwave, Oven - Dual, Oven - Self-cleaning, Cooktop - Down Draft, Refrigerator

Heating & Cooling

Air Conditioning: Electric, Central Air | Heating: Central Heating, Gas Heating (Natural), Zoned | Fireplace: true, 6, Mantel(s)

Utilities & Security

Utilities: Hot Water - Electric, Electric Service - Generator | Sewer Service: Septic = # of BR | Water Source: Well | Safety and Security: Sprinkler System

Accessibility

Accessibility: #OTHER

School

School District: FAIRFAX COUNTY PUBLIC SCHOOLS | Elementary School: COLVIN RUN | Middle School: COOPER | High School: LANGLEY

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: Marianne C Polk 

Listing courtesy of: Long & Foster Real Estate, Inc. 

Bright MLS

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Data provided by: Bright MLS
Last detected update: October 08, 2019 12:47PM 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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