Josephine County OR Homes for Sale

• 

  

  

  /15

  $189,900

  • Land
  • 2.51 Acres
  • $75,657 per Acre

  5 Shadow Mountain Way Unit TL1905, Grantspass, OR 97527

  Large lot with both privacy and views! This is a fantastic opportunity to build your dream home. The home pad is already cut and the driveway is cut and rocked for easy access. Conveniently located on a peaceful country road with easy access to town, this is a must see.

  Tanaia Green Keller Williams Realty GP Branch

  5 Shadow Mountain Way Unit TL1905, Grantspass, OR 97527
• 

  

  

  /32

  $450,000

  • 3 Beds
  • 2 Baths
  • 1,539 Sq Ft

  35255 Redwood Hwy, O Brien, OR 97534

  Private retreat nestled in the woods with room to spread out! This charming home features a large garage, custom covered carport, RV hookups, a circular driveway, and upgraded interior features including a brand new custom shower, a jetted tub, newer appliances, and oversized picture windows that let in light and gorgeous views. Outside, relax on one of two decks enjoying the forest views, enjoy

  Tanaia Green Keller Williams Realty GP Branch

  35255 Redwood Hwy, O Brien, OR 97534
• 

  

  

  /21

  $860,000

  • 4 Beds
  • 3.5 Baths
  • 3,108 Sq Ft

  1280 Marcy Loop Rd, Grants Pass, OR 97527

  Nestled On 2.2 acres. This stunning 4 bed,3 1/2 bath offers beautiful tree top views from all the large window and deck. As You enter this Gracious home you'll find an open, spacious, yet cozy 3,108 square feet of living space. The kitchen has granite counter tops, is a open concept with breakfast nook & bar, plus a large dining area. This beautiful home has many special features including,

  Teresa Ward Bradley Realty

  1280 Marcy Loop Rd, Grants Pass, OR 97527
• 

  

  

  /75

  $599,000

  • 4 Beds
  • 5 Baths
  • 3,084 Sq Ft

  33252 Redwood Hwy, O Brien, OR 97534

  Architecturally unique Craftsman home offers multi-family living along the scenic Illinois River! Spanning 3,084 sq. ft., this home blends timeless character with spacious comfort. It features a grand living room with birds-eye maple beams, a custom redwood bar, and unique tile flooring with warm wood accents. The light-filled expansive kitchen is ideal for cooking, gathering, and entertaining.

  Valerie Mall eXp Realty, LLC

  33252 Redwood Hwy, O Brien, OR 97534
• 

  

  

  /79

  $935,000

  • 5 Beds
  • 3.5 Baths
  • 3,919 Sq Ft

  525 Ingalls Ln, Wilderville, OR 97543

  Nestled on 4.99 acres, this amazing 5b/3.5b 3,919sf home has so much charm! The great room's soaring windows showcase breathtaking mountain views. The main floor offers a spacious primary suite with a propane stove; a cozy fireplace & a propane stove in the great room; office/nook with wet bar; laundry room; beautiful kitchen with granite countertops, stainless-steel appliances & plenty of

  Tracy Leenknecht John L Scott Real Estate Grants Pass

  525 Ingalls Ln, Wilderville, OR 97543
• 

  

  /45

  $299,900

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

  236 S Caves Ave, Cave Junction, OR 97523

  This property offers 4 bedrooms, 2.5 baths on a good sized corner lot with detached garage/shop, all conveniently located close to all the amenities of downtown Cave Junction. Very competitively priced.

  Rick Clausen John L Scott Real Estate Grants Pass

  236 S Caves Ave, Cave Junction, OR 97523
• 

  

  /55

  $549,000

  • 3 Beds
  • 2 Baths
  • 1,682 Sq Ft

  5757 Donaldson Rd, Grants Pass, OR 97526

  Nestled on just over an acre of serene, tree-lined land with stunning mountain views, this charming one-story 3 bedroom, 2 bath home offers a perfect blend of comfort and functionality. Step inside to discover hickory hardwood floors, new carpet, and a warm, inviting wood fireplace. The kitchen is a chef's delight, featuring an island, tile backsplash, custom cabinets with a pull-out pantry, and

  Staci Drewien eXp Realty, LLC

  5757 Donaldson Rd, Grants Pass, OR 97526
• 

  

  /30

  $459,900

  • 4 Beds
  • 2 Baths
  • 1,568 Sq Ft

  697 Jaynes Dr, Grants Pass, OR 97527

  $25,000 PRICE DROP! Motivated seller — now priced $30,000 below the most recent appraisal!Custom-built home just minutes from town on a spacious half-acre lot! This property offers room to build a shop, park your RV, or give the kids space to run and play. Designed with efficiency in mind, the 4 bedroom, 2 bath home features extra insulation and a ductless HVAC system to ensure

  Andy Fontes eXp Realty, LLC

  697 Jaynes Dr, Grants Pass, OR 97527
• 

  

  /12

  $385,500

  • Land
  • 24.34 Acres
  • $15,838 per Acre

  580 W River St, Cave Junction, OR 97523

  Opportunity awaits on this beautiful 24.34-acre parcel in the heart of the Illinois Valley! Located just minutes from downtown Cave Junction and near a well-established subdivision, this flat and usable land offers endless potential. Whether you're an investor, developer, or someone dreaming of wide open space, this property is your blank canvas. Build your farmhouse, create a new community, or

  Cheyenne Murren RE/MAX Integrity Grants Pass

  580 W River St, Cave Junction, OR 97523
• 

  

  /3

  $140,000

  • Land
  • 160 Acres
  • $875 per Acre

  0 Graves Creek Rd Unit 220203264, Wolf Creek, OR 97497

  160 acres of recreational/hunting land. Plenty of wildlife and year round creek. Previously owned by a logging company and timber has been harvested. Buyer to do their own due diligence as to the uses of the property.

  Lucinda Lowe Oregon Adventure Realty

  0 Graves Creek Rd Unit 220203264, Wolf Creek, OR 97497
• 

  

  /57

  $795,000

  • 3 Beds
  • 1 Bath
  • 2,000 Sq Ft

  199 Powell Creek Rd, Williams, OR 97544

  Creekside Mini-Farm in Williams Valley!Welcome to your own slice of country paradise! This cozy country home is well-maintained & sits on 6 fully fenced & X-fenced acres w/ gated entry & dual creek frontage on both Williams & Powell Creek. A rare & tranquil feature. This home offers modern comfort w/ a nicely updated kitchen & newer wood stove insert, perfect for cozy evenings. Step outside &

  Jayda Wood Ramsay Realty

  199 Powell Creek Rd, Williams, OR 97544
• 

  

  /35

  $375,000

  • 3 Beds
  • 2.5 Baths
  • 1,644 Sq Ft

  163 Genverna Glen, Grants Pass, OR 97527

  Quiet Rural Living can be enjoyed at this Perfect Mini-Farm Property, located just Minutes from Town! This Property Features a Cutesy Cottage-Style Home in a Desirable Country Setting! The Single-Story 3 Bed 2.5 Bath Home offers 1644 sq. feet of Living Space, with a Huge Country Kitchen, Large Living Room with Woodstove, Covered Front & Back Porches, and Nice Multi-Purpose Room with Half-Bath,

  Bailey Ward Kendon Leet Real Estate Inc

  163 Genverna Glen, Grants Pass, OR 97527
• 

  

  /16

  $359,000

  • 3 Beds
  • 1 Bath
  • 1,430 Sq Ft

  4490 Holland Loop Rd, Cave Junction, OR 97523

  Charming 1944 Farmhouse on 5.58 Acres with Mountain ViewsStep back in time with this delightful two-story home, on a level 5.58-acre parcel. Built in 1944, this 3-bedroom, 1-bath home blends vintage character with peaceful country living. Enjoy stunning mountain views, open space for animals or gardens, and a spacious garage/shop perfect for hobbies or storage. A rare opportunity to own a

  Tonya Box Illinois Valley Real Estate

  4490 Holland Loop Rd, Cave Junction, OR 97523
• 

  

  /86

  $2,300,000

  • 4 Beds
  • 5.5 Baths
  • 5,062 Sq Ft

  2054 Jaynes Dr, Grants Pass, OR 97527

  Southern Oregon Hilltop Estate nestled 4 miles from Grants Pass. This 5,062 sq. ft. estate offers exceptional luxury & versatility. The home boasts 4 en-suite bedrooms w/ a split floor plan for privacy. The grand entry room features 18' ceilings, fireplace, spiral staircase to loft/office & stunning bay windows/french doors to the covered lanai. A gourmet kitchen w/2 granite islands, 6-burner

  Rich Holstrom Rich Holstrom Real Estate LLC

  2054 Jaynes Dr, Grants Pass, OR 97527
• 

  

  /50

  $669,900 Open House 10/26

  • 3 Beds
  • 2 Baths
  • 2,400 Sq Ft

  5668 Upper River Rd, Grants Pass, OR 97526

  Discover this 3 bed, 2 bath, 2400 sq ft home for sale in Southern Oregon, offering quiet country living just minutes from town, golf, Rogue Creamery. A Barrel-Vaulted entry sets the tone for soaring ceilings, abundant natural light & open floor plan with a striking rock fireplace. The kitchen features granite counters & custom lighting, while the primary suite includes a Jacuzzi tub, dual

  Launie Myers Century 21 JC Jones American Dream

  5668 Upper River Rd, Grants Pass, OR 97526
• 

  

  /45

  $690,000

  • 3 Beds
  • 3 Baths
  • 2,548 Sq Ft

  1780 Southgate Way, Grants Pass, OR 97527

  Welcome to 1780 Southgate Way—5.21 usable acres with a spacious 2,548 sq ft home offering 3 bedrooms, 3 bathrooms, and an extra craft room perfect for hobbies, office, or guests. Enjoy the peaceful sound of a seasonal creek and relax by your own private pond. Fruit trees, large garden and a chicken coop make this ideal for those wanting a bit of country living. Open living spaces, large kitchen,

  Robyn Lasky RE/MAX Integrity Grants Pass

  1780 Southgate Way, Grants Pass, OR 97527
• 

  

  /65

  $1,795,000

  • 4 Beds
  • 4 Baths
  • 5,464 Sq Ft

  4990 Rogue River Hwy, Grants Pass, OR 97527

  Rumored CLARK GABLE'S River Retreat. Nestled along the serene banks of the Rogue River, this exceptional property offers a rare opportunity to own a luxurious waterfront retreat. Spanning 2.4 acres of beautifully landscaped grounds, this estate features a furnished 3,949sq ft main house and a charming 1,515 sq ft ADU perfect for multi-generational living, rental income or guest. Main house

  Teresa Ward Bradley Realty

  4990 Rogue River Hwy, Grants Pass, OR 97527
• 

  

  /68

  $999,999

  • 3 Beds
  • 2 Baths
  • 2,344 Sq Ft

  4941 Riverbanks Rd, Grants Pass, OR 97527

  Live the Riverfront Dream! Welcome to your private retreat on the stunning Rogue River! This custom-built cedar shingle home is designed to bring the outdoors in, with expansive walls of glass offering breathtaking river views from nearly every room. Whether you're sipping morning coffee or a glass of wine in the evening on the spacious deck, you'll find peace and tranquility in every moment.

  Robin Kennedy RE/MAX Platinum

  4941 Riverbanks Rd, Grants Pass, OR 97527
• 

  

  /10

  $75,000

  • Land
  • 5 Acres
  • $15,000 per Acre

  0 Quartz Creek Rd Unit TL 500 220192195, Merlin, OR 97532

  Beautifully treed five acres offering many potential building sites and privacy. Country living while having shopping, banking, and service station not too far away. The photo of the pads are for information/directions only...the property starts just beyond them.

  Lana Lavenbarg RE/MAX Integrity Grants Pass

  0 Quartz Creek Rd Unit TL 500 220192195, Merlin, OR 97532
• 

  

  /12

  $210,000

  • Land
  • 2.65 Acres
  • $79,245 per Acre

  355 Firview Ln, Wilderville, OR 97543

  Discover the last available lot in the Evergreen Terrace subdivision on Firview Lane—offering just over 2.5 acres of residential-zoned land surrounded by beautiful homes and mature trees. This gently wooded property provides a peaceful setting with room to build the home you've been dreaming of. Located in Wilderville, enjoy the quiet charm of rural living just 10 minutes from Grants Pass and

  Cheyenne Murren RE/MAX Integrity Grants Pass

  355 Firview Ln, Wilderville, OR 97543
• 

  

  /38

  $712,000

  • 3 Beds
  • 2 Baths
  • 2,536 Sq Ft

  175 Carolbrooke Place, Grants Pass, OR 97526

  The attention to detail at 175 Carolbrooke is truly remarkable!Step through the private gated entrance and paved driveway, and you'll be greeted by a beautifully landscaped dry creek bed water feature that empties into the year-round pond. This 3 bedroom, 2 bath home boasts 2,536 square feet of open, well appointed dual living space. The open two-story entryway leads into a spacious great

  Jamie Mockridge eXp Realty, LLC

  175 Carolbrooke Place, Grants Pass, OR 97526
• 

  

  /43

  $589,000

  • 3 Beds
  • 3 Baths
  • 2,240 Sq Ft

  1190 Cedar Flat Rd, Williams, OR 97544

  A Peaceful Setting with Room to Grow! This 2240 sq.ft. cedar home is full of charm & potential, just waiting for someone to give it some personal love. On nearly 5 acres, the property offers a great mix of fenced & cross-fenced gardens & pastures. Ideal for animals & gardens. Enjoy your privacy on the covered porch or the yard w/ firepit. Inside, the open living space includes vaulted ceilings &

  Jayda Wood Ramsay Realty

  1190 Cedar Flat Rd, Williams, OR 97544
• 

  

  /21

  $150,000

  • Land
  • 40 Acres
  • $3,750 per Acre

  270 Wildpark Ln, Selma, OR 97538

  Owner CARRY at NEW Price! -Are you looking for a private parcel with previously approved homesite? Extra privacy with BLM land behind? This beautiful 40 acres has almost 2+ level acres nestled inside sloped, treed acreage. Original Homesite, while requiring new application, has already had tractor work/grading prep work., and was previously approved with well and septic sites determined in

  Kathleen Puchta LPT Realty, LLC

  270 Wildpark Ln, Selma, OR 97538
• 

  

  /23

  $279,000

  • 3 Beds
  • 2 Baths
  • 1,144 Sq Ft

  261 Fay Ln, Wolf Creek, OR 97497

  Escape from the city in this off grid 3/2 two story home with 1144 sq. ft. An on site propane tank provides energy for the on demand hot water heater. Water is provided via a spring fed well and uphill storage tank. There is a functioning septic system in place. Nestled within the quiet forest consisting of Douglas fir, mature oaks and madrones, on the acreage of two lots totaling 8.92 acres of

  Dan Williamson Century 21 JC Jones American Dream

  261 Fay Ln, Wolf Creek, OR 97497
• 

  

  /18

  $225,000

  • 1,152 Sq Ft

  7255 Holland Loop Rd, Cave Junction, OR 97523

  Rural Commercial Zoning, lots of possibilities. Come see the opportunities available to you with this income property. The value is in the land. 3 units in total features, main home with 1 car garage and a duplex set-up. This is an AS/IS purchase. Will need 24-hour notice for showings. Please do not disturb current tenants.

  Julie Lozano Century 21 JC Jones American Dream

  7255 Holland Loop Rd, Cave Junction, OR 97523
• 

  

  /30

  $368,000

  • 3 Beds
  • 2 Baths
  • 1,292 Sq Ft

  1216 NE John Dr, Grants Pass, OR 97526

  Offering $5k seller credit toward deck! Welcome to this beautifully updated 3 bedroom, 2 bath home nestled in a quiet cul-de-sac in the sought-after northeast area of Grants Pass. This home features numerous recent upgrades including a brand-new roof, newer furnace, updated flooring, fresh interior paint, modern windows and doors, and a stylishly renovated bathroom. Enjoy an open and airy feel

  Valerie Mall eXp Realty, LLC

  1216 NE John Dr, Grants Pass, OR 97526
• 

  

  /10

  $84,000

  • 2 Beds
  • 2 Baths
  • 1,288 Sq Ft

  1504 Agape Way, Grants Pass, OR 97527

  Light, Bright & Move-In Ready in this 55+ Park! This charming 1995 Marlette 2-bedroom, 2-bath home offers 1,288 square feet of comfortable living space. Step into a spacious, open layout featuring vaulted ceilings that enhance the airy feel throughout. Natural light creates a warm and inviting atmosphere. The primary suite includes an ensuite bath, and the second bedroom is perfect for

  Kurt Tamashiro John L Scott Real Estate Grants Pass

  1504 Agape Way, Grants Pass, OR 97527
• 

  

  /14

  $189,000

  • Land
  • 12.38 Acres
  • $15,267 per Acre

  0 Lake Shore Dr Unit 220202827, Selma, OR 97538

  This is an exceptional undeveloped, rural 12.38 acres. There is possible split potential that could yield two buildable lots. The park like front portion of this lot is an open meadow and is sparsely wooded. The rear of the property is wooded. All level land, you will have potential for many building opportunities. Power is attainable close by and the neighbors have successfully drilled

  Susan Kern Illinois Valley Real Estate

  0 Lake Shore Dr Unit 220202827, Selma, OR 97538
• 

  

  /27

  $115,000

  • Land
  • 13.7 Acres
  • $8,394 per Acre

  0 Lower Wolf Creek Rd Unit 400 220202810, Wolf Creek, OR 97497

  Escape to your own private slice of paradise on this serene 13.7-acre property, ideally located just 10 minutes from I-5 for easy access while offering complete seclusion. Nestled in the scenic mountains of Lower Wolf Creek Rd, this wooded haven boasts breathtaking mountain views and a diverse forest landscape featuring Fir, Cedar, Oak, Madrone, Manzanita, lush Ferns, and Wild Lilac. Backing up

  Staci Drewien eXp Realty, LLC

  0 Lower Wolf Creek Rd Unit 400 220202810, Wolf Creek, OR 97497
• 

  

  /21

  $599,500

  • 3 Beds
  • 2 Baths
  • 2,256 Sq Ft

  800 Palomino Dr, Grants Pass, OR 97526

  Exquisite 2004 custom-built home on 7.52 acres in a great neighborhood. This residence features a spacious primary suite with a large bathroom and dual walk-in closets. Enjoy a modern, expansive kitchen flowing into a generous dining area, perfect for gatherings. A well-appointed office offers ideal work-from-home space. Set in a serene, established community, this property blends comfort

  Scott Gephart eXp Realty, LLC

  800 Palomino Dr, Grants Pass, OR 97526
• 

  

  /6

  $149,000

  • Land
  • 2 Acres
  • $74,500 per Acre

  1740 Hugo Rd, Merlin, OR 97532

  Seller May carry with large down and terms. Ready for you to Bring your offer to purchase this 2 Acre Property of usable land for animals or as a buildable lot Flat with a gentle roll towards the rear of the property. Buy this lot seperate of as an add on acreage to the adjacent 1730 Lot. Nice access off of Hugo road with a gate and street fencing. Power is on the property but not hoooked up.

  Cammy Harboldt More Realty

  1740 Hugo Rd, Merlin, OR 97532
• 

  

  /50

  $485,000

  • 2 Beds
  • 1 Bath
  • 1,879 Sq Ft

  1001 Indian Creek Rd, Selma, OR 97538

  Welcome to nature's retreat! At the heart of this property sits a 1,479 Sq Ft timber framed home, exuding rustic elegance with T&G pine ceilings & exposed wood beams! Wood stove for heat & ambiance. Detached living space with potential for family, guests, or rental income. Attached to the living space is additional storage. The 3,500+ Sq Ft AG building/shop is perfect for housing equipment,

  Jed Joling eXp Realty, LLC

  1001 Indian Creek Rd, Selma, OR 97538
• 

  

  /46

  $534,500

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

  1553 Panoramic Loop, Grants Pass, OR 97527

  Welcome to this beautifully maintained 2,368 sq. ft. home nestled in the serene hills of Grants Pass! With 3 bedrooms and 2 1/2 bathrooms, this home offers a perfect blend of comfort, space, and breathtaking scenery.Step inside to a bright and open layout, featuring an upstairs primary suite complete with a large walk-in closet—your own private retreat. The heart of the home opens to a

  Wes Cox John L Scott Real Estate Grants Pass

  1553 Panoramic Loop, Grants Pass, OR 97527
• 

  

  /37

  $529,000

  • 3 Beds
  • 2 Baths
  • 1,916 Sq Ft

  1730 Hugo Rd, Merlin, OR 97532

  Owner May Carry with 75K more is better, down/Terms Seller concession of new appliances, (Stove, Refrigerator, Dishwasher) with acceptable offer! Newer 2014 Built 3 Bedroom 2 Bath home on 2 Acres with Quartz Creek running through the back section of the property. Gated Entry with an RV Pad, Boat Storage, and paved driveway. If you are into gardening there is an area in the backyard off the

  Cammy Harboldt More Realty

  1730 Hugo Rd, Merlin, OR 97532
• 

  

  /36

  $405,000

  • 3 Beds
  • 2 Baths
  • 1,428 Sq Ft

  4574 Lower River Rd, Grants Pass, OR 97526

  Your own corner of paradise awaits! On the market for the first time since it was built, this lovingly maintained home sits on a generous half-acre in a lush, peaceful corner of the Rogue Valley. There’s space here for everyone — whether you dream of RV parking, boat storage, a large garden, a play area for kids, or a relaxing outdoor oasis for entertaining. The fully irrigated lot makes caring

  Wendrika Olofson Hybrid Real Estate

  

  4574 Lower River Rd, Grants Pass, OR 97526
• 

  

  /29

  $555,000

  • 3 Beds
  • 2 Baths
  • 2,223 Sq Ft

  Unlisted Address

  Beautiful EFU property nestled in the heart of Wine Country! Offers a specious 2,223sf. 4bdrm 2bth+ loft + split level basement. Wood flooring, carpet, tile. New upgraded double pane windows. Central HVAC! Open kitchen w/back door access. Living room has wood burning Fire Place. Additional 1984 Manufactured home 2bdrm/1 bath approx.1000sf. Strong Well servicing both homes. 30x40 Storage bldg

  Michelle McQuain-Lee RE/MAX Integrity Grants Pass

  Unlisted Address
• 

  

  /4

  $300,000

  • Land
  • 6.33 Acres
  • $47,393 per Acre

  139 Sloan Mountain Ln, Grants Pass, OR 97527

  Welcome to 139 Sloan Mountain Lane - a serene and spacious vacant lot nestled in the heart of Grants Pass. This beautiful parcel offers the perfect blend of privacy and natural beauty, providing a rare opportunity to build your dream home in a peaceful, rural setting. Surrounded by mature trees and scenic views, the property offers ample space for custom home construction, gardening, or simply

  Byron Pardo Keller Williams Realty Portland Central

  139 Sloan Mountain Ln, Grants Pass, OR 97527
• 

  

  /42

  $409,000

  • 3 Beds
  • 2 Baths
  • 1,632 Sq Ft

  1141 NW Sunset Dr, Grants Pass, OR 97526

  Beautifully updated mid-century modern home in the heart of Northwest Grants Pass. With 3 bedrooms, 2 bathrooms, and 1,632 sq ft of well-designed living space, this home blends comfort, style, and practicality in all the right ways. Currently a successful vacation rental, it's a great turn-key opportunity—furnishings are even negotiable! Inside, you'll find a cozy fireplace, gas stove, granite

  CINDY SEIBT Premiere Property Group LLC

  1141 NW Sunset Dr, Grants Pass, OR 97526
• 

  

  /6

  $75,000

  • Land
  • 0.21 Acre
  • $357,143 per Acre

  2070 SE Wyndham Way, Grants Pass, OR 97527

  We saved the best for last! The final phase of the Meadowood Subdivision is here. This hilltop view lot features a level building pad, full city utilities, and is ready for your custom home. Bring your own builder or use ours. Enjoy sweeping city views without the high costs often tied to view lots. These spacious parcels are the last available in one of the city's most sought-after

  Michael Masters RE/MAX Integrity Grants Pass

  2070 SE Wyndham Way, Grants Pass, OR 97527
• 

  

  /5

  $155,000

  • Land
  • 0.17 Acre
  • $911,765 per Acre

  2060 SE Wyndham Way, Grants Pass, OR 97527

  We saved the best for last! The final phase of the Meadowood Subdivision is here. This hilltop view lot features a level building pad, full city utilities, and is ready for your custom home. Bring your own builder or use ours. Enjoy sweeping city views without the high costs often tied to view lots. These spacious parcels are the last available in one of the city's most sought-after

  Michael Masters RE/MAX Integrity Grants Pass

  2060 SE Wyndham Way, Grants Pass, OR 97527

Showing Results 521 - 560, Page 14 of 18