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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
203 days on Owners.com
3686 Waples Crest Ct
OAKTON, VA 22124
5 Beds
6 Baths
5,800 ft2
$1,299,999
Owners.com Estimate:
Estimated Payment:$4,882/mo

PRICE ADJUSTMENT!!!! BELOW APPRAISED VALUE!!!! This Magnificent Luxurious Estate with extensive upgrades is sited on almost an acre of private land backing to trees and a golf course

The covered front porch and welcoming foyer make an excellent first impression. An elegant main level boasts a gracious open floor plan and is accented by a wash of sunlight from walls of windows in every room. The large gourmet French country kitchen has top of the line appliances featuring a Viking fridge, a Thermador stove, and a Decor oven and microwave. An adjoining large sun-filled breakfast room overlooks the large deck, and the private rear yard enveloped by trees. The kitchen flows gracefully into the family room, complete with a wall of Palladian windows and a ceiling that absolutely soars. Upper level, you'll find a luxurious multi-level master suite with a large sitting room, two enormous walk-in closets, and renovated master spa bath. Each of the additional upper level bedrooms are spacious and have large closets and en suite, renovated full baths. Conveniently located on the bedroom level, the oversized laundry room has custom cabinets, laundry sink and new set of washer and dryer. The lower level presents a stylish wet bar in a modern game/rec room. You'll also find the fifth bedroom with it's own full bath. The additional bonus room is perfect for a home theater, office or fitness room. The lower level opens to a beautiful flagstone patio with firepit. The exterior of the home has been maintained meticulously. Freshly painted stucco and entire exterior. Also added in 2019 is the brand NEW ROOF with architectural shingles. Easy access to points in all directions. This is easy living in the center of it all! Agent is owner.

Property type
Residential
Structure
Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1
Year built
1999
Parking
Driveway - Asphalt, Free Parking
Price/Sqft
$224
MLS #
VAFX1057478
Lot Size
41423 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
Virtual Tour: virtual tour | Room Types: Store/Office, Library, Mudroom, Bonus, Additional Bedroom | Basement: true, Full, Finished, Walkout Level, Windows, Rear Entrance, Daylight, Full

Bathrooms

# of Full Bathrooms: 5
# of Half Bathrooms: 1

Interior

Features: Ceiling - Fan(s), Built-in(s), Bar, Chair Rail, Crown Moldings, Combination Kitchen/Living, Staircase(s), Dining Area, Family Room Off Kitchen, Floor Plan - Open, Lighting - Recessed, Wet/Dry Bar, Window Treatments

Exterior

Features: Exterior Lighting, Extensive Hardscape, Stone Retaining Walls, Porch, Patio, Deck, Above Grade, Below Grade | Irrigation: Lawn Sprinkler, Underground Lawn Sprinkler

Building

Property Types: Residential | Year Built: 1999 | Structure: Three or More Stories, Story - Lower 1, Story - Main, Story - Upper 1 | Architecture: Colonial, Detached | Construction: Stone, Stucco | Floors: Hardwood, Tile - Ceramic, Marble, Carpet, Wood | Windows: Palladian, Bay/Bow, Screens

Garage & Parking

Parking: Driveway - Asphalt, Free Parking | Garage: true

Lot

Lot size: 0.95 acres | Lot size: 41423 sqft | Lot Features: Backs to Trees, Landscaping, No Thru Street | Zoning: 110

Location

County: FAIRFAX-VA | Subdivision: WAPLES CREST | Directions: From I-66 Take Rt.123N (Vienna) Left onto Jermantown Rd. Right onto Oakton Rd. Stay straight to go to Waples Mill Rd. Left onto Waples Crest Ct. | MLS #: VAFX1057478

Appliances

Appliances: Microwave - Built In, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Oven - Self-cleaning, Refrigerator, Stainless Steel Appliances, Washing Machine, Humidifier, Microwave, Oven - Wall, ENERGY STAR Clothes Washer

Heating & Cooling

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

Utilities & Security

Utilities: Gas Utlities (Natural Available) | Sewer Service: Septic > # of BR | Water Source: Public Supply | Safety and Security: Motion Detectors, Security System, Smoke Detector, Sprinkler System

Accessibility

Accessibility: #OTHER

School

School District: FAIRFAX COUNTY PUBLIC SCHOOLS | Elementary School: WAPLES MILL | Middle School: FRANKLIN | High School: OAKTON

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: Soheila Rasooly 

Listing courtesy of: Keller Williams Fairfax Gateway 

Bright MLS

Tools for buyers

Data provided by: Bright MLS
Last detected update: July 12, 2019 03:33PM 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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