Bat Cave, NC Homes for Sale

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  $2,000,000 Open Sun 2PM - 4PM

  • 4 Beds
  • 4 Baths
  • 3,040 Sq Ft

  24 S Watchman Dr, Hendersonville, NC 28791

  Enjoy one of the best lots for outstanding views in the exclusive mountaintop setting of 17 mountain modern homes within the gated Carriage Park community, just 7 minutes from Historic Downtown Hendersonville. Panoramic long-range mountain views with a gentle, level approach is the best of both worlds located only minutes to the airport making it an ideal mountain pied a terre. Exquisite finishes

  Wyatt Listrom Allen Tate/Beverly-Hanks Fletcher

  24 S Watchman Dr, Hendersonville, NC 28791
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  $950,000 Open Sat 10AM - 4PM

  • 3 Beds
  • 2 Baths
  • 2,148 Sq Ft

  44 Skylar Ln, Mills River, NC 28759

  The Reserves at Roper Farm is a gated community that offers unrivaled Mills River views, luxury finishes, large lots, community pavilion, dog park, & walking trails. This home boasts rich wood flooring, 10' ceilings & 8’ solid doors throughout the main floor, gourmet kitchens w/ beautiful countertops, ZLine appliances, 48” gas range, pot filler, beverage fridge, & 42” cabinets. The open concept

  David Johnson Keller Williams Elite Realty

  44 Skylar Ln, Mills River, NC 28759
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  $1,479,000 New Construction

  • 2 Beds
  • 2.5 Baths
  • 1,390 Sq Ft

  227 7th Ave W Unit 422, Hendersonville, NC 28791

  Luxury residential living comes to Downtown Hendersonville! Fairmont Heritage Place The Cedars is a stunning condo community with world-class amenities and services. This 4th floor residence is the ultimate in luxury living, with designs by renowned designer Alison Antrobus. 2 bedrooms, 2.5 bathrooms with 1390 sqft of living space, plus incredible terrace. 24x48 Italian porcelain floors,

  Amy Shipman Zilbert Realty Group Inc

  227 7th Ave W Unit 422, Hendersonville, NC 28791
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  $1,165,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,891 Sq Ft

  99999 Bay Laurel Ln, Hendersonville, NC 28791

  Proposed Construction Listing in Carriage Park! See MLS number 4089321 for more information. Nestled in the coveted Carriage Park community, just 7 minutes from vibrant downtown Hendersonville and a short drive to Asheville, this proposed 1891 sq. ft. luxury home offers an unparalleled lifestyle. Featuring 3 spacious bedrooms, 2.5 baths, and a two-car garage, the open-concept design is perfect

  Wyatt Listrom Allen Tate/Beverly-Hanks Fletcher

  99999 Bay Laurel Ln, Hendersonville, NC 28791
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  $1,650,000 New Construction

  • 4 Beds
  • 3.5 Baths
  • 3,200 Sq Ft

  574 Skytop Farm Ln, Hendersonville, NC 28791

  This one-level luxury residence redefines comfort & elegance. Inside you’ll discover a curated interior that flows seamlessly throughout the open floor plan. The great room features stunning beam work & a cozy fireplace, setting the tone for gatherings or relaxing evenings. An oversized collapsible door leads you to a private deck complete with its own fireplace and outdoor kitchen - perfect for

  James Dager Keller Williams Elite Realty

  574 Skytop Farm Ln, Hendersonville, NC 28791
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  $356,490 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,443 Sq Ft

  18 Lillian Ln, Hendersonville, NC 28792

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from main street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. As you step inside, you'll immediately notice the vinyl plank flooring throughout the home which is excellent for durability and pets. The kitchen boasts beautiful cabinets with crown molding, granite

  James Preston DR Horton Inc

  18 Lillian Ln, Hendersonville, NC 28792
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  $356,490 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,443 Sq Ft

  80 Lynia Ln, Hendersonville, NC 28792

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from main street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. As you step inside, you'll immediately notice the vinyl plank flooring throughout the home which is excellent for durability and pets. The kitchen boasts beautiful cabinets with crown molding, granite

  James Preston DR Horton Inc

  80 Lynia Ln, Hendersonville, NC 28792
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  $739,900 New Construction

  • 4 Beds
  • 3 Baths
  • 2,372 Sq Ft

  58 Olde Oak Ln, Hendersonville, NC 28792

  Looking for a better built home? Come see this luxury Arts and Crafts cottage. New construction; located in the new subdivision of Olde Oak. High-end construction and finishes throughout. The home features smartsiding, a 50 year roof, custom kitchen cabinets in white, stainless appliances, tiled master bath, real stone vented gas fireplace in the great room, gas furnace and gas tankless water

  Sharon Carlyle Allen Tate/Beverly-Hanks Hendersonville

  58 Olde Oak Ln, Hendersonville, NC 28792
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  $689,900 New Construction

  • 3 Beds
  • 2 Baths
  • 2,185 Sq Ft

  54 Olde Oak Ln, Hendersonville, NC 28792

  Looking for a better built home? Come see this luxury Arts and Crafts cottage. New construction; located in the new subdiviosn of Olde Oak. High-end construction and finishes throughout. The home features smartsiding, a 50 year roof, custom kitchen cabinets in white, stainless appliances, tiled master bath, real stone vented gas fireplace in the great room, gas furnace and gas tankless water

  Sharon Carlyle Allen Tate/Beverly-Hanks Hendersonville

  54 Olde Oak Ln, Hendersonville, NC 28792
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  $481,190 New Construction

  • 3 Beds
  • 2 Baths
  • 1,883 Sq Ft

  571 Fox Cove Rd, Hendersonville, NC 28792

  A best seller, this floorplan offers the convenience of one level living! The owner’s suite is just off the living room with attached bathroom and walk-in closet. The kitchen has beautiful countertops, ss appliances, tile backsplash and a generous pantry. There are also two additional bedrooms and additional bathroom. 2 car garage included offers extra space and convenience. *Home features are

  James Preston DR Horton Inc

  571 Fox Cove Rd, Hendersonville, NC 28792
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  $1,395,000 New Construction

  • 3 Beds
  • 3.5 Baths
  • 3,713 Sq Ft

  230 Almond Branch Dr, Hendersonville, NC 28791

  LUXURIOUS NEW HOME IN SKYTOP FARM! Desirable, gated neighborhood with many amenities. This custom home will exceed expectations. Enter the foyer to the massive great room with fireplace and built ins. No one will be left out in this entertaining home. Primary ensuite with massive walk in closet room, walk in shower with soaking tub, double vanity. Office or flex space on main level as well and

  Cindy Greer Keller Williams Mtn Partners, LLC

  230 Almond Branch Dr, Hendersonville, NC 28791
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  $1,274,900 New Construction

  • 3 Beds
  • 3 Baths
  • 2,900 Sq Ft

  1018 Willow Ridge Dr, Hendersonville, NC 28739

  Introducing 1018 Willow Ridge, a stunning 2,900-square-foot luxury mountain home offering both privacy and convenience. Nestled in the charming Willow Ridge neighborhood, it’s just 4 minutes to Etowah, 15 minutes to Hendersonville, 20 minutes to Asheville Airport, and 20 minutes to Brevard. Every room boasts breathtaking long-range southern views of the French Broad River Valley and the

  Dallas Ducote RE/MAX Results

  1018 Willow Ridge Dr, Hendersonville, NC 28739
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  $659,500 New Construction

  • 3 Beds
  • 2 Baths
  • 1,607 Sq Ft

  148 Triple Fairways Dr Unit 12, Hendersonville, NC 28739

  Lot & Build Package on Fairway 13-Lot 12. Photos are of a Plan by Vista Home Builders- There are other models to choose from at different pricing. Desirable one-level living in our Valley View neighborhood where a circular park, gazebo, outdoor fireplace, and gathering area promotes neighborhood activities. Lot is a separate $84,500K. Lot Purchase Contract that is included in price of $659,500K.

  Andrew Brooks Cummings Cove Realty

  148 Triple Fairways Dr Unit 12, Hendersonville, NC 28739
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  $545,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,713 Sq Ft

  142 Crystal Heights Dr, Crab Creek, NC 28739

  Welcome to your new home in the enchanting Crystal Creek community of Hendersonville, NC! This brand-new, one-story residence is nestled on a generous three quarter acre level corner lot, offering a serene retreat with an open feel.Unwind on the charming rocking chair porches, both front and back, where you can savor peaceful moments and stunning vistas. Just a short drive from Downtown

  Valeria Carrizo Wyda Nest Realty Asheville

  142 Crystal Heights Dr, Crab Creek, NC 28739
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  $384,669 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,749 Sq Ft

  56 Providence Walk Dr, Hendersonville, NC 28739

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from Main Street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. The main level on this plan offers an open concept, seamlessly blending the living area, kitchen and breakfast nook. All 3 bedrooms are located upstairs, including the primary suite with attached bathroom

  James Preston DR Horton Inc

  56 Providence Walk Dr, Hendersonville, NC 28739
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  $390,240 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,749 Sq Ft

  9 Lillian Ln, Hendersonville, NC 28792

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from main street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. The main level on this plan offers an open concept, seamlessly blending the living area, kitchen and breakfast nook. All 3 bedrooms are located upstairs, including the primary suite with attached bathroom

  James Preston DR Horton Inc

  9 Lillian Ln, Hendersonville, NC 28792
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  $419,796 New Construction

  • 5 Beds
  • 3 Baths
  • 2,368 Sq Ft

  48 Providence Walk Dr, Hendersonville, NC 28792

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from main street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. This home has plenty of room for everyone, with 5 bedrooms and 3 full baths! On the main level you will find an open living, dining, kitchen area as well as one of the bedrooms and a full bath. The kitchen

  James Preston DR Horton Inc

  48 Providence Walk Dr, Hendersonville, NC 28792
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  $393,858 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,749 Sq Ft

  32 Providence Walk Dr, Hendersonville, NC 28792

  Introducing Providence Walk, a new home community located in Hendersonville, NC and minutes from main street in downtown with charming restaurants, quaint boutiques, parks and the Equsta Trail. The main level on this plan offers an open concept, seamlessly blending the living area, kitchen and breakfast nook. All 3 bedrooms are located upstairs, including the primary suite with attached bathroom

  James Preston DR Horton Inc

  32 Providence Walk Dr, Hendersonville, NC 28792
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  $525,000 New Construction

  • 3 Beds
  • 2 Baths
  • 1,750 Sq Ft

  79 Crystal Mountain Dr, Hendersonville, NC 28739

  Welcome to your new home in the enchanting Crystal Creek community of Hendersonville, NC! This brand-new, one-story residence is nestled on a generous half acre level corner lot, offering a serene retreat with mountain views and open feel.Unwind on the charming rocking chair porches, both front and back, where you can savor peaceful moments and stunning vistas. Just a short drive from

  Valeria Carrizo Wyda Nest Realty Asheville

  79 Crystal Mountain Dr, Hendersonville, NC 28739
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  $606,720 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,896 Sq Ft

  146 Haywood Park Dr, Hendersonville, NC 28791

  Introducing the Grand View floor plan at Orchards at Haywood Park, offering a generous 1,896 SQFT of living space. With 3 bedrooms and 2.5 bathrooms, this spacious home is designed for both comfort and luxury. Located in an excellent school district and just a short drive to downtown Hendersonville, it combines convenience with a serene suburban feel. Priced at the standard package price, you may

  Bennett Hodgins Orchards Properties

  146 Haywood Park Dr, Hendersonville, NC 28791
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  $574,720 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,796 Sq Ft

  100 Haywood Park Dr, Hendersonville, NC 28791

  Welcome to Orchards at Haywood Park, this home features our Blackberry floor plan. This expertly designed home offers 1,796 SQFT, 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout, ideal for both relaxing and entertaining. Conveniently located near local schools and a short drive to downtown Hendersonville, this home offers easy access to everything you may need. You also have the

  Bennett Hodgins Orchards Properties

  100 Haywood Park Dr, Hendersonville, NC 28791
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  $576,640 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,802 Sq Ft

  94 Haywood Park Dr, Hendersonville, NC 28791

  Welcome to Orchards at Haywood Park, this home features our Hillside floor plan. This expertly designed home offers 1,802 SQFT, 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout, ideal for both relaxing and entertaining. Conveniently located near local schools and a short drive to downtown Hendersonville, this home offers easy access to everything you may need. You also have the

  Bennett Hodgins Orchards Properties

  94 Haywood Park Dr, Hendersonville, NC 28791
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  $566,080 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,769 Sq Ft

  70 Haywood Park Dr, Hendersonville, NC 28791

  Welcome home to Orchards at Haywood Park. This Cottage floor plan offers 1,769 SQFT of well designed living space. with 3 bedrooms and 2.5 bathrooms, this home has comfort and functionality in a charming layout. Located in a great school district and only minutes to downtown Hendersonville, you get the best of suburban serenity and city convenience. Enjoy the flexibility to chose from a variety

  Bennett Hodgins Orchards Properties

  70 Haywood Park Dr, Hendersonville, NC 28791
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  $574,720 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,796 Sq Ft

  56 Haywood Park Dr, Hendersonville, NC 28791

  Welcome to Orchards at Haywood Park, this home features our Blackberry floor plan. This expertly designed home offers 1,796 SQFT, 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout, ideal for both relaxing and entertaining. Conveniently located near local schools and a short drive to downtown Hendersonville, this home offers easy access to everything you may need. You also have the

  Bennett Hodgins Orchards Properties

  56 Haywood Park Dr, Hendersonville, NC 28791
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  $606,720 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,896 Sq Ft

  53 Haywood Park Dr, Hendersonville, NC 28791

  Introducing the Grand View floor plan at Orchards at Haywood Park, offering a generous 1,896 SQFT of living space. With 3 bedrooms and 2.5 bathrooms, this spacious home is designed for both comfort and luxury. Located in an excellent school district and just a short drive to downtown Hendersonville, it combines convenience with a serene suburban feel. Priced at the standard package price, you may

  Bennett Hodgins Orchards Properties

  53 Haywood Park Dr, Hendersonville, NC 28791
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  $576,640 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,802 Sq Ft

  35 Haywood Park Dr, Hendersonville, NC 28791

  Welcome to Orchards at Haywood Park, this home features our Hillside floor plan. This expertly designed home offers 1,802 SQFT, 3 bedrooms, 2.5 bathrooms, and a thoughtfully designed layout, ideal for both relaxing and entertaining. Conveniently located near local schools and a short drive to downtown Hendersonville, this home offers easy access to everything you may need. You also have the

  Bennett Hodgins Orchards Properties

  35 Haywood Park Dr, Hendersonville, NC 28791
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  $979,900 Open Sat 11AM - 5PM

  • 3 Beds
  • 2.5 Baths
  • 2,488 Sq Ft

  105 Chimney Chase Trail Unit 8, Hendersonville, NC 28739

  Nestled in the desirable community of Champion Hills, Chimney Crossing is an enclave of 14 villas.With 2 models to choose from, these easy-to-care-for residences offer a great address close to Hendersonville.This spacious new construction features 10ft ceilings & ZERO Entry on the main level,an open floor plan, & a large kitchen island for entertaining.The large covered porches are the perfect

  Scott Barfield Scott Barfield Realty And Land Company

  105 Chimney Chase Trail Unit 8, Hendersonville, NC 28739
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  $500,720 New Construction

  • 4 Beds
  • 3 Baths
  • 2,588 Sq Ft

  561 Fox Cove Rd, Hendersonville, NC 28792

  This home is sure to impress you the moment you enter! With a 2-story foyer, and open concept floor plan on the first level, there is plenty of space for everyone to share. The main level features a guest bedroom with bathroom next door for convenience as well as a study. The kitchen includes beautiful countertops, tile backsplash, spacious pantry and ss appliances. Upstairs you will find the

  James Preston DR Horton Inc

  561 Fox Cove Rd, Hendersonville, NC 28792
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  $337,190 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,674 Sq Ft

  296 Creekview Rd, Hendersonville, NC 28792

  Enjoy simple living with our new construction townhomes! This floorplan offers a large kitchen complete with island, ss appliances and tile backsplash, an open living area and plenty of storage space. This model has a larger dining space and living space than our other available townhomes. The primary suite with attached bath, along with two other bedrooms can be found on the second floor.

  James Preston DR Horton Inc

  296 Creekview Rd, Hendersonville, NC 28792
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  $523,890 New Construction

  • 4 Beds
  • 3.5 Baths
  • 2,708 Sq Ft

  545 Fox Cove Rd, Hendersonville, NC 28792

  The Windsor floor plan is a real show stopper! Wainscoting , crown molding and extra wide foyer greet you at the front door. Formal Dining Room with coffer ceiling brings brings a touch of elegance; powder room near by. Drop zone next to the garage exit. Kitchen has granite counters, tile backsplash, walk-in pantry and ss appliances: gas range, micro over, dishwasher, garbage disposal,

  James Preston DR Horton Inc

  545 Fox Cove Rd, Hendersonville, NC 28792
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  $337,190 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,674 Sq Ft

  294 Creekview Rd, Hendersonville, NC 28792

  Enjoy simple living with our new construction townhomes! This floorplan offers a large kitchen complete with island, ss appliances and tile backsplash, an open living area and plenty of storage space. The primary suite with attached bath, along with two other bedrooms can be found on the second floor. Laundry is also located on the upper floor for convenience. Private back patio and one car

  James Preston DR Horton Inc

  294 Creekview Rd, Hendersonville, NC 28792
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  $343,265 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,699 Sq Ft

  288 Creekview Rd, Hendersonville, NC 28792

  Enjoy simple living with our new construction townhomes! This floorplan offers a large kitchen complete with island, ss appliances and tile backsplash, an open living area and plenty of storage space. The primary suite with attached bath, along with two other bedrooms can be found on the second floor. Laundry can also be found on the upper floor for convenience. *Home features are subject to

  James Preston DR Horton Inc

  288 Creekview Rd, Hendersonville, NC 28792
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  $370,745 New Construction

  • 3 Beds
  • 2.5 Baths
  • 1,774 Sq Ft

  284 Creekview Rd, Hendersonville, NC 28792

  Enjoy simple living with our new construction townhomes! This desirable end unit offers an open floorplan to seamlessly blend the living area, dining room and kitchen. The kitchen is complete with pantry, ss appliances, tile backsplash and island. With three bedrooms, 2.5 baths as well as loft area, this townhome has space to meet all of your needs! *Home features are subject to change without

  James Preston DR Horton Inc

  284 Creekview Rd, Hendersonville, NC 28792
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  $1,749,000 New Construction

  • 3 Beds
  • 3.5 Baths
  • 3,387 Sq Ft

  204 Tom Fazio Trace, Hendersonville, NC 28739

  Discover a stunning mountain home awaiting your final selections at Champion Hills Golf Club, to be expertly built by Buchanan Construction. This custom home will boast a peaceful cul-de-sac location with mountain views and is situated just minutes from historic Hendersonville, NC. Enjoy easy access to exceptional shopping, dining, and medical care as well as the unparalleled golf, dining, and

  Scott Barfield Scott Barfield Realty And Land Company

  204 Tom Fazio Trace, Hendersonville, NC 28739
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  $1,077,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,366 Sq Ft

  29 W Park Ave, Hendersonville, NC 28792

  WEST PARK AVE…your brand new dream home is just steps away from The Park at Flat Rock in a new luxury 5-home pocket community located just off Greenville Hwy, nestled three min. from downtown Hendersonville to the north and the historic Village of Flat Rock to the south. This central location is 8 min. from I-26, with easy access to Flat Rock Playhouse, & Carl Sandburg National Park. The ultra

  Nichole Oursler Berkshire Hathaway HomeServices

  29 W Park Ave, Hendersonville, NC 28792
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  $1,149,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,526 Sq Ft

  51 W Park Ave, Hendersonville, NC 28792

  WEST PARK AVE…your brand new dream home is just steps away from The Park at Flat Rock in a new luxury 5-home pocket community located just off Greenville Hwy, nestled three min. from downtown Hendersonville to the north and the historic Village of Flat Rock to the south. This central location is 8 min. from I-26, with easy access to Flat Rock Playhouse, & Carl Sandburg National Park. The ultra

  Nichole Oursler Berkshire Hathaway HomeServices

  51 W Park Ave, Hendersonville, NC 28792
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  $943,000 New Construction

  • 3 Beds
  • 2 Baths
  • 2,073 Sq Ft

  52 W Park Ave, Hendersonville, NC 28792

  WEST PARK AVE…your brand new dream home is just steps away from The Park at Flat Rock in a new luxury 5-home pocket community located just off Greenville Hwy, nestled three min. from downtown Hendersonville to the north and the historic Village of Flat Rock to the south. This central location is 8 min. from I-26, with easy access to Flat Rock Playhouse, & Carl Sandburg National Park. The ultra

  Nichole Oursler Berkshire Hathaway HomeServices

  52 W Park Ave, Hendersonville, NC 28792
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  $1,330,000 New Construction

  • 4 Beds
  • 3.5 Baths
  • 2,925 Sq Ft

  55 W Park Ave, Hendersonville, NC 28792

  WEST PARK AVE…your brand new dream home is just steps away from The Park at Flat Rock in a new luxury 5-home pocket community located just off Greenville Hwy, nestled three min. from downtown Hendersonville to the north and the historic Village of Flat Rock to the south. This central location is 8 min. from I-26, with easy access to Flat Rock Playhouse, & Carl Sandburg National Park. The ultra

  Nichole Oursler Berkshire Hathaway HomeServices

  55 W Park Ave, Hendersonville, NC 28792
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  $965,000 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,120 Sq Ft

  32 W Park Ave, Hendersonville, NC 28792

  WEST PARK AVE…your brand new dream home is just steps away from The Park at Flat Rock in a new luxury 5-home pocket community located just off Greenville Hwy, nestled three min. from downtown Hendersonville to the north and the historic Village of Flat Rock to the south. This central location is 8 min. from I-26, with easy access to Flat Rock Playhouse, & Carl Sandburg National Park. The ultra

  Nichole Oursler Berkshire Hathaway HomeServices

  32 W Park Ave, Hendersonville, NC 28792
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  $458,429 New Construction

  • 3 Beds
  • 2.5 Baths
  • 2,310 Sq Ft

  489 Fox Cove Rd, Hendersonville, NC 28792

  Verwood floor plan is a lovely very open layout with a formal dining that could be used as a office or playroom if needed. This Verwood is a 3 BR floorplan plus loft area. Family room with fireplace and kitchen with breakfast area are very open. Kitchen has granite counters, tile backsplash, stainless steel appliances. Gas range, dishwasher, disposal, and microwave over the stove. Upstairs

  James Preston DR Horton Inc

  489 Fox Cove Rd, Hendersonville, NC 28792

Showing Results 441 - 480, Page 12 of 13