Newest Homes for Sale in Springdale, AR

• 

  

  

  /60

  $614,500

  $5K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 2,575 Sq Ft

  5039 Primrose Rd, Springdale, AR 72764

  This charming ranch-style home exudes classy character with a warm, inviting feel throughout. Offering 3 bedrooms and 2.5 baths, the layout is both comfortable and functional. A convenient half bath located off the back of the home is perfectly positioned to serve the impressive 1,888-square-foot shop, which features a finished-out space ideal for a home-based business, rental income, or creative

  Misty Barnes Coldwell Banker Harris McHaney & Faucette -Fayette

  5039 Primrose Rd, Springdale, AR 72764
• 

  

  

  /19

  $518,000

  New Construction $5K PRICE INCREASE

  • 4 Beds
  • 3 Baths
  • 2,392 Sq Ft

  Seiver Plan at Renley Rae, Springdale, AR 72762

  Welcome to Renley Rae, a premier community where modern elegance and traditional charm converge in the heart of Tontitown. Explore our exclusive collection of five meticulously designed floor plans, offering both single-story and two-story living. These spacious 4-bedroom residences range from 2,252 to 2,639 square feet, each featuring vibrant brick exteriors, tasteful painted accents, and

  D.R. Horton Builder

  813 Morsani Ave Unit 39059886, Springdale, AR 72762
• 

  

  

  /17

  $485,000

  New Construction $5K PRICE INCREASE

  • 4 Beds
  • 3 Baths
  • 2,252 Sq Ft

  Frisco Plan at Renley Rae, Springdale, AR 72762

  Welcome to Renley Rae, a premier community where modern elegance and traditional charm converge in the heart of Tontitown. Explore our exclusive collection of five meticulously designed floor plans, offering both single-story and two-story living. These spacious 4-bedroom residences range from 2,252 to 2,639 square feet, each featuring vibrant brick exteriors, tasteful painted accents, and

  D.R. Horton Builder

  813 Morsani Ave Unit 39059890, Springdale, AR 72762
• 

  

  

  /17

  $549,000

  New Construction

  • 4 Beds
  • 3 Baths
  • 2,639 Sq Ft

  Aurora Plan at Renley Rae, Springdale, AR 72762

  Welcome to Renley Rae, a premier community where modern elegance and traditional charm converge in the heart of Tontitown. Explore our exclusive collection of five meticulously designed floor plans, offering both single-story and two-story living. These spacious 4-bedroom residences range from 2,252 to 2,639 square feet, each featuring vibrant brick exteriors, tasteful painted accents, and

  D.R. Horton Builder

  813 Morsani Ave Unit 39059888, Springdale, AR 72762
• 

  

  

  /16

  $486,000

  New Construction $5K PRICE INCREASE

  • 4 Beds
  • 3 Baths
  • 2,255 Sq Ft

  Garland Plan at Renley Rae, Springdale, AR 72762

  Welcome to Renley Rae, a premier community where modern elegance and traditional charm converge in the heart of Tontitown. Explore our exclusive collection of five meticulously designed floor plans, offering both single-story and two-story living. These spacious 4-bedroom residences range from 2,252 to 2,639 square feet, each featuring vibrant brick exteriors, tasteful painted accents, and

  D.R. Horton Builder

  813 Morsani Ave Unit 39059883, Springdale, AR 72762
• 

  /2

  $510,000

  New Construction $5K PRICE INCREASE

  • 4 Beds
  • 3 Baths
  • 2,367 Sq Ft

  Holden Plan at Renley Rae, Springdale, AR 72762

  Welcome to Renley Rae, a premier community where modern elegance and traditional charm converge in the heart of Tontitown. Explore our exclusive collection of five meticulously designed floor plans, offering both single-story and two-story living. These spacious 4-bedroom residences range from 2,252 to 2,639 square feet, each featuring vibrant brick exteriors, tasteful painted accents, and

  D.R. Horton Builder

  813 Morsani Ave Unit 39059887, Springdale, AR 72762
• 

  

  /39

  $985,000

  New Construction

  • 4 Beds
  • 3.5 Baths
  • 3,632 Sq Ft

  3094 Buck Ave, Springdale, AR 72762

  New construction on 1.3 acres featuring 4 bedrooms, 3.5 baths, plus office and bonus room. Stunning kitchen with double islands, 6-burner gas cooktop, double ovens, built-in refrigerator, and open flow to the living and breakfast areas. Spacious living room offers a gas fireplace with built-ins and large sliding doors to the covered patio. Primary suite features vaulted ceiling, dual vanities,

  

  Lauren Lowery

  Lindsey & Associates Inc

  (479) 802-3819

  3094 Buck Ave, Springdale, AR 72762
• 

  /2

  $130,000

  $10K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $764,706 per Acre

  403 E Velma Ave, Springdale, AR 72764

  Exceptional lot in a thriving Springdale neighborhood. A fantastic opportunity to build your dream home or maximize investment potential by also purchasing the adjacent corner lot (MLS 1332799).

  Ligia Martinez Fathom Realty

  403 E Velma Ave, Springdale, AR 72764
• 

  /2

  $130,000

  $10K PRICE DROP

  • Land
  • 7,405 Sq Ft
  • $764,706 per Acre

  401 E Velma Ave, Springdale, AR 72764

  Rare corner lot in a high-growth area near downtown Springdale. Close to shopping, dining, and major amenities. Perfect for investors or developers looking to build multi-family, or for a buyer envisioning a custom dream home.

  Ligia Martinez Fathom Realty

  401 E Velma Ave, Springdale, AR 72764
• 

  

  /32

  $763,270

  New Construction

  • 5 Beds
  • 3 Baths
  • 3,005 Sq Ft

  6489 County Ave, Springdale, AR 72762

  Up to $13,500 in buyer incentives available, including $10,000 from the builder and $3,500 from the preferred lender. These incentives may be used toward closing costs, prepaids, or a rate buydown. The builder portion may also be used as an appliance credit. Located in County Line Square near Shaw Family Park. The Dover opens with a bedroom and full bathroom off the entry, then leads into the

  Erin Hemme Carlton Realty, Inc

  6489 County Ave, Springdale, AR 72762
• 

  

  /25

  $727,500

  New Construction $12K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 2,910 Sq Ft

  3000 Courtyard St, Springdale, AR 72762

  Up to $10,000 in buyer incentives available, including $6,500 from the builder and $3,500 from the preferred lender. These incentives may be used toward closing costs, prepaids, or a rate buydown. The builder portion may also be used as an appliance credit. Located in County Line Square near Shaw Family Park. The Clifton opens with a bedroom and full bathroom off the entry, then leads into an

  Amy Hinkson Carlton Realty, Inc

  3000 Courtyard St, Springdale, AR 72762
• 

  

  /31

  $789,178

  New Construction

  • 5 Beds
  • 3 Baths
  • 3,107 Sq Ft

  3089 Waypoint St, Springdale, AR 72762

  Up to $10,000 in buyer incentives available, including $6,500 from the builder and $3,500 from the preferred lender. These incentives may be used toward closing costs, prepaids, or a rate buydown. The builder portion may also be used as an appliance credit. Located in County Line Square near Shaw Family Park. The Fairview opens into the main living area with a fireplace and large front-facing

  Erin Hemme Carlton Realty, Inc

  3089 Waypoint St, Springdale, AR 72762
• 

  

  /60

  $899,000

  $70K PRICE DROP

  • 4 Beds
  • 3.5 Baths
  • 5,200 Sq Ft

  137 Woodcliff Rd, Springdale, AR 72764

  Stunning home perched above Springdale, offering expansive views and an elevated setting in the sought-after Woodcliff neighborhood. This extensively updated 4-bedroom, 3.5-bath residence has been refreshed throughout, including the kitchen, bathrooms, flooring, lighting, paint, and new windows. The home features two spacious living areas, a well-appointed kitchen, and excellent storage

  Ali McEntire Lindsey & Associates Inc

  137 Woodcliff Rd, Springdale, AR 72764
• 

  

  /37

  $750,000

  $200K PRICE DROP

  • Land
  • 9.19 Acres
  • $81,610 per Acre

  2497 Woodcliff Rd, Springdale, AR 72764

  If you have been looking for an opportunity to invest in bicycling in Northwest Arkansas, this is your big chance! This 9.19 acre offering borders the Bayyari Park and Mountain Bike Trails in Springdale. In fact, a small portion of the "Fronteir Trail" runs right through the property! You could build an adventure park, or a mountain biking resort, or anything else you can think of to serve the

  The Limbird Team Limbird Real Estate Group

  2497 Woodcliff Rd, Springdale, AR 72764
• 

  

  /11

  $1,200,000

  • Land
  • 3 Acres
  • $400,000 per Acre

  250 Industrial Cir E, Springdale, AR 72762

  Three flat cleared acres with utilities located at the street.

  Roger White Crye-Leike REALTORS Rogers

  250 Industrial Cir E, Springdale, AR 72762
• 

  

  /14

  $1,500,000

  • Land
  • 19.17 Acres
  • $78,247 per Acre

  19.17 AC Primrose Rd, Lowell, AR 72745

  +/- 19.17 acres of land available just outside the Lowell, AR city limits, offering a strong opportunity for residential or general development, or as a long term investment. The property is flat and open, making it well suited for a variety of uses. A pond is located on site, adding both functionality and visual appeal. The tract features approximately 480 feet of frontage along Primrose Road,

  Salmonsen Group Keller Williams Market Pro Realty Bentonville West

  19.17 AC Primrose Rd, Lowell, AR 72745
• 

  

  /34

  $570,000

  New Construction $30K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,227 Sq Ft

  1405 Overo Cir, Springdale, AR 72762

  This beautifully crafted home showcases high-end finishes and thoughtful design throughout. The kitchen is a true standout, featuring custom cabinets with soft-close drawers, quartz countertops, high-end appliances, a custom backsplash, a large island perfect for entertaining, and a walk-in appliance pantry. LVP flooring flows throughout the home, with tile in the bathrooms and laundry room. The

  Jonathan Bayona Southern Tradition Real Estate, LLC

  1405 Overo Cir, Springdale, AR 72762
• 

  

  /14

  $190,000

  • Land
  • 22,651 Sq Ft
  • $365,385 per Acre

  504 W End St, Springdale, AR 72764

  Ideal location for duplexes or three to four family residental townhouses. Currently under city approval for MF-4 zoning classification. 0.52 +/- acres with room to build 4 townhouses. Property close to all NW Arkansas has to offer, including biking and Razorback Greenway Trail. Don't miss this opportunity for multi-family space to make your own, great location, property is ready to go.

  Matt Branch Crye-Leike REALTORS, Springdale

  504 W End St, Springdale, AR 72764
• 

  

  /46

  $288,544

  $10K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,588 Sq Ft

  2101 Jean St, Springdale, AR 72762

  Welcome to this wonderful home in West Springdale, conveniently situated near Highway 412 W, Tyson Complex ball fields and park, restaurants, shopping, and more. This 3-bedroom, 2-bath property offers a side-entry 2-car garage and sits on a desirable corner lot. Inside, you’ll find flexible spaces providing room for entertaining, a home office or an additional living room. The home features a

  Sarah Brothers Weichert REALTORS - The Griffin Company Springdale

  2101 Jean St, Springdale, AR 72762
• 

  

  /37

  $379,900

  New Construction Open Sun 1PM - 4PM $25K PRICE DROP

  • 4 Beds
  • 2.5 Baths
  • 2,089 Sq Ft

  2743 Relaxation Ave, Springdale, AR 72764

  Fence, blinds and gutters included! Discover your dream home in the new neighborhood- Jacob's Crossing. Aiden plan with garage on the right and North facing! 9 ft ceilings, linear electric fireplace in the living room, LVP flooring throughout the main living areas and primary bedroom, quartz countertops and more. Chef's kitchen boasting frigidaire stainless steel appliances, gas range, pantry,

  Heather Campbell Weichert, REALTORS Griffin Company Bentonville

  2743 Relaxation Ave, Springdale, AR 72764
• 

  /2

  $189,000

  $10K PRICE DROP

  • Land
  • 2.87 Acres
  • $65,854 per Acre

  12740 Arkansas 265, Prairie Grove, AR 72753

  Fantastic building site on 2.87 Acres! Open, level, water tap on property. Don't miss out on this great site for your new home. Highway frontage

  Kathy Braly Legend Realty Inc

  12740 Arkansas 265, Prairie Grove, AR 72753
• 

  

  /40

  $650,000

  New Construction

  • 4 Beds
  • 3 Baths
  • 2,830 Sq Ft

  2855 W Henri de Tonti Blvd, Springdale, AR 72762

  Incredible Investment Opportunity in the Heart of Tontitown! Don’t miss this rare chance to own analmost 1-acre parcel with dual zoning (commercial and residential) perfectly positioned in Tontitown’srapidly expanding development corridor. The property includes a 2,830 sq ft structure with existingutilities and excellent road frontage on W Henri De Tonti Blvd. Located directly across

  Elizabeth Gates Sudar Group

  2855 W Henri de Tonti Blvd, Springdale, AR 72762
• 

  

  /48

  $509,900

  Open Sun 2PM - 4PM $40K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 3,276 Sq Ft

  1106 Ranch Dr, Springdale, AR 72762

  Welcome to a charming ranch-style home nestled on over three-fourths of an acre. This spacious one-level home features 4 bedrooms, 3 bathrooms, and more than 3,200 square feet of living space. Large rooms and multiple living areas create an ideal setting for both everyday living and entertaining, while the 400 sq. ft. sunroom and backyard provide an inviting space for the whole family to enjoy.

  Kevin Maestri Engel & Volkers Springdale

  1106 Ranch Dr, Springdale, AR 72762
• 

  

  /26

  $436,900

  $20K PRICE DROP

  • 3 Beds
  • 2.5 Baths
  • 2,080 Sq Ft

  1642 Pasubio St, Springdale, AR 72762

  Beautifully maintained and fully handicapped-accessible home offering a spacious, open-concept layout designed for comfort and ease. Large living and dining areas flow naturally into the kitchen, creating an inviting space for gatherings of any size. Every detail has been thoughtfully cared for, including a new roof and gutters in 2025 and a new microwave in 2024. Inside, natural light fills each

  The Moldenhauer Group RE/MAX Associates, LLC

  1642 Pasubio St, Springdale, AR 72762
• 

  

  /15

  $305,000

  New Construction $10K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,496 Sq Ft

  5528 Steamboat Ave, Springdale, AR 72764

  This 1-year-old, 4-bedroom, 2-bath home features a bright open-concept layout with a spacious living area that flows into a beautiful kitchen with a large island, granite countertops, and a generous corner pantry. The full brick exterior and energy-efficient features help keep living simple and low maintenance. Located in Springdale, you’ll be just minutes from Willie George Park and Walter

  Abdi Jaimes-Reyes PAK Home Realty

  5528 Steamboat Ave, Springdale, AR 72764
• 

  /2

  $329,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,516 Sq Ft

  Biscoe Plan at Nature Walk, Springdale, AR 72762

  Welcome to Springdale, AR: A Thriving Community in Northwest Arkansas Located in the picturesque Ozark Mountains, Springdale, Arkansas, is a dynamic city in Benton County known for its rich history, strong economy, and family-friendly atmosphere. As part of the Fayetteville-Springdale-Rogers Metropolitan Area, Springdale offers a unique mix of small-town charm and big-city conveniences.

  D.R. Horton Builder

  1690 Ridgeview Dr Unit 38652242, Springdale, AR 72762
• 

  

  /16

  $344,000

  New Construction

  • 4 Beds
  • 2 Baths
  • 1,694 Sq Ft

  Aubrey Plan at Nature Walk, Springdale, AR 72762

  Welcome to Springdale, AR: A Thriving Community in Northwest Arkansas Located in the picturesque Ozark Mountains, Springdale, Arkansas, is a dynamic city in Benton County known for its rich history, strong economy, and family-friendly atmosphere. As part of the Fayetteville-Springdale-Rogers Metropolitan Area, Springdale offers a unique mix of small-town charm and big-city conveniences.

  D.R. Horton Builder

  1690 Ridgeview Dr Unit 38652240, Springdale, AR 72762
• 

  

  /20

  $359,000

  New Construction

  • 5 Beds
  • 2 Baths
  • 1,926 Sq Ft

  Bella Plan at Nature Walk, Springdale, AR 72762

  Welcome to Springdale, AR: A Thriving Community in Northwest Arkansas Located in the picturesque Ozark Mountains, Springdale, Arkansas, is a dynamic city in Benton County known for its rich history, strong economy, and family-friendly atmosphere. As part of the Fayetteville-Springdale-Rogers Metropolitan Area, Springdale offers a unique mix of small-town charm and big-city conveniences.

  D.R. Horton Builder

  1690 Ridgeview Dr Unit 38652254, Springdale, AR 72762
• 

  /2

  $309,000

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,192 Sq Ft

  Ashdown Plan at Nature Walk, Springdale, AR 72762

  Welcome to Springdale, AR: A Thriving Community in Northwest Arkansas Located in the picturesque Ozark Mountains, Springdale, Arkansas, is a dynamic city in Benton County known for its rich history, strong economy, and family-friendly atmosphere. As part of the Fayetteville-Springdale-Rogers Metropolitan Area, Springdale offers a unique mix of small-town charm and big-city conveniences.

  D.R. Horton Builder

  1690 Ridgeview Dr Unit 38652222, Springdale, AR 72762
• 

  

  /53

  $574,000

  $38K PRICE DROP

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

  6848 Summer Hill Cove, Springdale, AR 72762

  Move-in ready, spectacular one-owner home on a corner lot in Cottage at the Park! Enjoy POA-covered lawn care, community pool, clubhouse/pavilion and firepit/game area within a short walk to the 120-acre Shaw Family Park with walking trails, fishing lakes, a dog park, tennis courts, and direct access to the Razorback Greenway. This former model home features 10' ceilings, quartz counters, a

  

  Tina Hodne

  Coldwell Banker Harris McHaney & Faucette -Fayette

  (479) 252-9539

  6848 Summer Hill Cove, Springdale, AR 72762
• 

  

  /42

  $699,000

  $76K PRICE DROP

  • 4 Beds
  • 3 Baths
  • 2,783 Sq Ft

  3960 Arkansas 264, Lowell, AR 72745

  Every corner of this beautifully remodeled 5bd 3ba home has been designed with comfort, functionality & thoughtful details in mind. The eat-in kitchen is complete with SS appliances, concrete countertops, a large butcher block island & coffee bar. Off the kitchen, the spacious living room & dedicated dining area create the perfect setting for gatherings. Enjoy peaceful views of the serene woods

  Kelley Fox-Wilichowski 1 Percent Lists Arkansas Real Estate

  3960 Arkansas 264, Lowell, AR 72745
• 

  

  /44

  $308,265

  $19K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,816 Sq Ft

  2200 Sandy St, Springdale, AR 72762

  Charming brick home in West Springdale offering comfort, space, and a truly convenient location. This property features 3 bedrooms, 2 bathrooms, and a 2-car garage, with fresh interior paint and a new roof. Enjoy a spacious living room perfect for everyday relaxation, plus a second living area that can serve as a formal dining room, office, or flex space to fit your needs. The inviting eat-in

  Sarah Brothers Weichert REALTORS - The Griffin Company Springdale

  2200 Sandy St, Springdale, AR 72762
• 

  

  /9

  $95,000

  • Land
  • 1.73 Acres
  • $54,913 per Acre

  0 War Eagle Black Top Rd Unit 1329543, Springdale, AR 72756

  Perfect for the Vision-Minded Buyer, this lakefront lot spans nearly 2 acres with stunning views of Beaver Lake near War Eagle Marina! Ideal for a home with picture windows wall floor to ceiling to soak up the expansive view. Build a rooftop patio to extend your view of the lake, it is the perfect place for entertaining! Located in the Springdale school district, this lot is perfect for a

  Brenda Lee Keller Williams Market Pro Realty Branch Office

  0 War Eagle Black Top Rd Unit 1329543, Springdale, AR 72756
• 

  

  /37

  $712,470

  New Construction Open Sun 2PM - 4PM

  • 5 Beds
  • 3 Baths
  • 2,805 Sq Ft

  6485 Courtland Ave, Springdale, AR 72762

  Up to $10,000 in buyer incentives available, including $6,500 from the builder and $3,500 from the preferred lender. These incentives may be used toward closing costs, prepaids, or a rate buydown. The builder portion may also be used as an appliance credit. Located in County Line Square near Shaw Family Park. The Brighton begins with 2 bedrooms and a full bathroom off the entry. The entry leads

  Amy Hinkson Carlton Realty, Inc

  6485 Courtland Ave, Springdale, AR 72762
• 

  

  /15

  $75,000

  $5K PRICE DROP

  • Land
  • 1.45 Acres
  • $51,724 per Acre

  0 Bluff View Dr Unit 1328741, Springdale, AR 72764

  Gorgeous 1.45 acre residential building lot with views of White River/Beaver Lake! This lot has beautiful mature trees and a quiet street that is the perfect setting for your dream home! Water, electricity, and gas are at the street. Property will need a septic. Full survey is available. Zoned for Springdale Schools.

  Melanie Gabel Gabel Realty

  0 Bluff View Dr Unit 1328741, Springdale, AR 72764
• 

  

  /46

  $399,225

  $16K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 2,188 Sq Ft

  4102 Watkins Ave, Springdale, AR 72762

  Beautiful brick home offering space, style, and an unbeatable location across from the Tyson Recreational Complex featuring ball fields galore and Rotary Park. This 4-bedroom, 2-bath home welcomes you with a charming front porch, a versatile living room with a brick-hearth fireplace and built-ins, and a separate den/office. The eat-in kitchen features granite counters, a pantry, and easy access

  Sarah Brothers Weichert REALTORS - The Griffin Company Springdale

  4102 Watkins Ave, Springdale, AR 72762
• 

  /2

  $400,000

  $360K PRICE INCREASE

  • 2,034 Sq Ft

  3123 McRay Ave, Springdale, AR 72762

  These homes are currently leased. Tenant occupied, Close to JB Hunt Park, close to shopping, across the street from Central JR High.

  Brandi Graham Red Box Realty

  3123 McRay Ave, Springdale, AR 72762
• 

  

  /11

  $1,750,000

  • Land
  • 4.18 Acres
  • $418,660 per Acre

  4.18 Acres Kelly Rd, Springdale, AR 72762

  4.18 prime acres at the center of NWA’s largest project. This property will have major future traffic visibility, whether you're commuting 412 or heading to XNA. Running adjacent to the new 612 bypass and just west of the Hwy 112 exit expansion. Great place for your business, advertising, or residential development! Don't miss this unique opportunity!

  John Morgan Coldwell Banker Harris McHaney & Faucette -Fayette

  4.18 Acres Kelly Rd, Springdale, AR 72762
• 

  

  /24

  $3,995,000

  • Land
  • 15 Acres
  • $266,333 per Acre

  TBD W Emma (New) Ave, Springdale, AR 72762

  The value is in the land. This great location are currently zoned MF and Agri and are tremendous development opportunities. This new section of W. Emma was recently expanded from Gutensohn Rd. to 40 and is now connected with Har-Ber Ave. via a flyover I-49. There are bike trails on north side of W. Emma. Water and sewer nearby. Gently sloping. Vibrant shopping area and restaurants within a mile.

  David Montoya Keller Williams Market Pro Realty Branch Office

  TBD W Emma (New) Ave, Springdale, AR 72762
• 

  

  /4

  $750,000

  • Land
  • 33,105 Sq Ft
  • $986,842 per Acre

  5201 Willow Creek Dr, Springdale, AR 72762

  Prime Northwest Arkansas Commercial Opportunity! This exceptional 0.76 +/- acre property boasts a strategic location right off Interstate 49, offering unparalleled access to the entire Northwest Arkansas region. Enjoy excellent visibility with approximately 200 feet on Johnson Mill Boulevard. Situated moments from Willow Creek Hospital, and offering arguably the best on and off interstate access

  Daniel Short Keller Williams Market Pro Realty - Rogers Branch

  5201 Willow Creek Dr, Springdale, AR 72762

Showing Results 401 - 440, Page 11 of 13