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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."

Listing provided by: Evan Potvin 

Listing courtesy of: Coldwell Banker Islands Realty |  (802) 372-5777 

SOLD
Sold in 62 days
113 Oakridge Ln
North Hero, VT 05474
2 Beds
1 Bath
1,700 ft2
Sold for
$298,900
Owners.com Estimate:
Estimated Payment:$1,126/mo

Direct lakefront ranch style home with guest cottage! This property is located on a private dead end road and comes with 100ft of direct west facing Lake Champlain frontage

The main house features an open living plan, tons of built-in storage, a wood stove and beautiful lake views. The kitchen is complete with stainless steel appliances and a large island great for entertaining. You will enjoy watching the sunset on the lakeside deck. Additionally there is a seasonal 1 bedroom cottage that was built in 2017. Use it for guests or there is potential to use it as a vacation rental. There is also a new shed, a concrete seal wall and a private concrete boat launch allowing easy access for boating, kayaking or fishing. This lakeside retreat is ready for you to enjoy!

Property type
Residential
Structure
Single Story
Year built
1961
Parking
Driveway - Gravel
Price/Sqft
$176
MLS #
4748667
Lot Size
15682 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: 2
Virtual Tour: virtual tour | Room Types: Kitchen/Dining | Basement: false, Crawl Space

Bathrooms

# of Full Bathrooms: 1
# of Quarter Bathrooms: 0
# of Half Bathrooms: 0
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Fan(s), Kitchen - Island, Skylight(s)

Exterior

Features: Deck, Guest Quarters, Porch, Shed

Building

Property Types: Residential, Single Family Home | Year Built: 1961 | Structure: Single Story | Architecture: Cottage/Camp, Ranch | Construction: Frame - Wood | Roof: Metal | Siding: Vinyl | Foundation: Concrete | Floors: Wood - Soft

Garage & Parking

Parking: Driveway - Gravel | Garage: false

Lot

Lot size: 0.36 acres | Lot size: 15682 sqft | Lot Features: Beach Access, Country Setting, Lake Access, Lake Frontage, Lake View, Lakes, Secluded, Water View, Waterfront | Zoning: Residential

Location

Real Estate Area: Island, Rural | Directions: From Burlington. Head North on I-89. Take exit 17 for US-2 Lake Champlain Islands. Turn right onto US-2 W continue for 24.9 mi. Turn right onto Lakeview Dr continue 2.9 mi. Turn left onto North End Rd W continue 1.0 mi. Turn right Oakridge Lane. Destination will be on the left. | MLS #: 4748667

Appliances

Appliances: Dishwasher, Dryer, Exhaust Hood, Microwave, Range - Gas, Refrigerator, Washing Machine, Water Heater - Electric, Water Heater - On Demand, Water Heater - Owned

Heating & Cooling

Air Conditioning: None | Heating: Gas - LP/Bottle, Direct Vent | Fireplaces: Kitchen/Dining

Utilities & Security

Utilities: Electric - 200 Amp, Electric - Circuit Breaker(s) | Sewer Service: Concrete, Leach Field - Conventionl, On-Site Septic Exists | Water Source: Public Supply | Safety and Security: Smoke Detector

Accessibility

Accessibility: 1st Floor Bedroom, 1st Floor Full Bathroom, Bathroom w/Tub, Hard Surface Flooring, One-Level Home, 1st Floor Laundry

School

School District: Grand Isle School District | Elementary School: North Hero Elem. School | Middle School: Choice | High School: Choice

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

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Local Insights

Tools for buyers

Data provided by: New England Real Estate Network
Last detected update: July 02, 2019 03:33PM EST ~ Verified on November 09, 2019 07:04PM 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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