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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: Lisa Meyer 

Listing courtesy of: C-21 Jack Associates - Waterbury |  (802) 244-5155 

ACTIVE
202 days on Owners.com
271 N Pinnacle Ridge Rd
Waterbury, VT 05676
3 Beds
3 Baths
3,294 ft2
$560,000
Owners.com Estimate:
Estimated Payment:$2,103/mo
HOA:$600, Yearly

This property is the complete package

Total privacy, level and usable land, mountain views, amazing locationand that doesnt even include the house! An open, bright contemporary offers over 3400 square feet of finished space, a comfortable flow and a sensible floor plan. The house was built by the current owners with careful thought given to the layout and with quality you dont often find. The home has been meticulously maintained and cared for. The many features include a spacious master bedroom suite on the main level with double closets, bath with tub, shower and double vanity, formal dining area, family room with a soaring brick fireplace and gleaming hardwood floors. The second level features an open balcony, a full bath and two additional bedrooms. The lower walk-out level provides a generous recreational area with your own pub. An expansive, multi-level deck is perfect for enjoying summertime activities. Youll appreciate the close proximity to downtown Waterbury, Stowe or Interstate 89, and unlimited recreational activities. Welcome home to Pinnacle Ridge!

Property type
Residential
Structure
Two Story
Year built
1991
Parking
Driveway - Gravel, Garage - Community, Garage - Direct Access, Off Street
Price/Sqft
$170
MLS #
4748754
Lot Size
230868 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: 3 | Room Types: Kitchen | Basement: true, Walk Out, Full, Finished - Partial, Stairs - Interior

Bathrooms

# of Full Bathrooms: 2
# of Quarter Bathrooms: 0
# of Half Bathrooms: 1
# of Three Quarter Bathrooms: 0

Interior

Features: Ceiling - Cathedral, Ceiling - Fan(s), Master BR w/ BA, Soaking Tub, Closet(s) - Walk-in, Window Treatment

Exterior

Features: Deck

Building

Property Types: Residential, Single Family Home | Year Built: 1991 | Structure: Two Story | Architecture: Contemporary | Construction: Frame - Wood | Roof: Shingle - Architectural | Siding: Cedar, Clapboard | Foundation: Poured Concrete | Floors: Carpet, Tile - Ceramic, Wood - Hard

Garage & Parking

Parking: Driveway - Gravel, Garage - Community, Garage - Direct Access, Off Street | Garage: false, Attached

Lot

Lot size: 5.3 acres | Lot size: 230868 sqft | Lot Features: Country Setting, Deed Restricted, Landscaped, Level, Mountain View, Subdivision | Zoning: Res

Location

Directions: From Blush Hill Road turn left onto Lonesome Trail. Stay straight into the Pinnacle Ridge Development. Fork right onto North Pinnacle Ridge. Home on left, driveway just before turnaround. Stay right on driveway. | MLS #: 4748754

Community

HOA Dues: $600/ Yearly

Appliances

Appliances: Dishwasher, Disposal, Dryer, Range - Gas, Refrigerator, Washing Machine, Water Heater - Off Boiler, Water Heater - Oil, Water Heater - Tank

Heating & Cooling

Air Conditioning: Central Air | Heating: Oil, Baseboard, Steam or Hot Water Heating | Fireplaces: Wood

Utilities & Security

Utilities: Electric - Circuit Breaker(s), Cable - Available / In Street | Sewer Service: Private Available | Water Source: Drilled Well, Private | Safety and Security: Security System, Smoke Detector

Accessibility

Accessibility: 1st Floor Bedroom, 1st Floor Full Bathroom

School

School District: Washington West | Elementary School: Thatcher Brook Primary Sch | Middle School: Crossett Brook Middle School | High School: Harwood Union High School

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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Local Insights

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Data provided by: New England Real Estate Network
Last detected update: September 18, 2019 10:20AM EST ~ Verified on November 15, 2019 05:56AM 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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