Vermont Homes for Sale under $326,000

• 

  

  

  /27

  $165,000

  • Studio
  • 1 Bath
  • 550 Sq Ft

  46 Liftside 46 at Smugglers Notch Resort, Cambridge, VT 05464

  Beautiful mountain getaway located in the heart of the Village at Smugglers Notch Resort. Just steps to chairlift and ski trails. Morse Mountain views. Enjoy nearby hiking trails, mountain streams, fireworks from your balcony and the many amenities and activities at the resort including award-winning children's programs, pools, mountain biking, ziplining, and more. This is the perfect opportunity

  Elizabeth Brgant Smugglers Notch Real Estate

  46 Liftside 46 at Smugglers Notch Resort, Cambridge, VT 05464
• 

  

  

  /47

  $254,900

  • 2 Beds
  • 1 Bath
  • 970 Sq Ft

  100 Kennedy Dr Unit 62, South Burlington, VT 05403

  Opportunity awaits in one of South Burlington's most desirable condo communities! Located in Manor Woods, this spacious second-floor 2-bedroom, 1-bath condo is ready for your vision. If you're looking to renovate and create a home that reflects your personal style this condo offers incredible potential in a prime location. The bright, open living and dining area features large glass doors leading

  Rich Gardner RE/MAX North Professionals

  100 Kennedy Dr Unit 62, South Burlington, VT 05403
• 

  

  

  /30

  $269,000

  $4K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,459 Sq Ft

  194 Union St, Springfield, VT 05156

  This recently refreshed property features a new roof, siding, electrical panel, furnace and oil tank as well as fresh paint, updated kitchen and bathroom. The convenient corner lot location is open and level for great lawn space and opportunities for maybe some gardens or play space. The detached 2 car garage provides additional storage space and a great place to get your vehicles out of the

  Susan Bellville Bellville Realty

  194 Union St, Springfield, VT 05156
• 

  

  

  /7

  $99,779

  New Construction $2K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 880 Sq Ft

  81 Cramton Rd Unit Lot 17, Castleton, VT 05735

  Welcome to 81 Cramton Rd Lot 17 Castleton, VT where modern comfort meets affordability in Fort Warren MHP! This brand-new Redman NWS F25206-66 model manufactured home offers 2 bedrooms, 2 bathrooms, and 880 sq. ft. (13'4"x66) of thoughtfully designed living space. Step inside to an open-concept layout with stylish finishes, a bright living area, and a well-appointed kitchen. The home features

  Kate Barry EXP Realty

  81 Cramton Rd Unit Lot 17, Castleton, VT 05735
• 

  

  

  /5

  $209,000

  • 1,536 Sq Ft

  113 Brooklyn St, Barre, VT 05641

  Investment or house-hacking opportunity located on a dead-end street! This classic side-by-side duplex delivers outstanding versatility and comfort. Each side features an expansive floor plan with 3 bedrooms, providing generous living space for residents. Enjoy outdoor living on the covered back porch overlooking the yard area. Convenience is key with dedicated off-street parking for multiple

  Michelle Hebert KW Vermont - Barre

  113 Brooklyn St, Barre, VT 05641
• 

  

  /26

  $235,000

  $5K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 832 Sq Ft

  574 Willard Rd Unit 2C, Quechee, VT 05059

  Welcome to Quechee Hollow 2C, nestled in the picturesque town of Quechee, Vermont. This newly renovated two bedroom, one bath condominium offers a perfect blend of mountain comfort and convenience. The inviting and very cozy living room features a wood-burning fireplace, creating the perfect setting to relax, and warm up after a day on the slopes, or enjoying the outdoors. The upstairs includes

  Amy Tissera Four Seasons Sotheby's Int'l Realty

  574 Willard Rd Unit 2C, Quechee, VT 05059
• 

  

  /15

  $55,000

  $10K PRICE DROP

  • 1,868 Sq Ft

  15 Brooklyn St, Barre, VT 05641

  Investors, take note! This duplex in the heart of Barre is ready for a comeback. Offering one two-bedroom unit and one three-bedroom unit, each with separate heat and electric, the property provides a solid foundation for your next investment project. Bring your skills and vision to restore this property to its full potential. With strong demand for quality rental housing, this could be an

  Linda Benoit Highland Realty

  15 Brooklyn St, Barre, VT 05641
• 

  

  /3

  $75,000

  • Land
  • 10 Acres
  • $7,500 per Acre

  none Leonard Hill Rd, Concord, VT 05824

  Mostly wooded (not logged for 30 + years per owner) corner lot with utilities close by, close to VAST trail and Shadow Lake. Potential views with clearing, road frontage on both a class 3 and class 4 Town Roads. Road frontage is estimated pending a survey, sale subject to subdivision approval by the Town of Concord. Lot lines are approximate

  Ernie Begin Begin Realty Associates

  none Leonard Hill Rd, Concord, VT 05824
• 

  

  /32

  $299,000

  • 2 Beds
  • 1 Bath
  • 768 Sq Ft

  185 Driscoll Dr, Lowell, VT 05847

  This home sits high on a knoll and with some tree cutting, you could bring back the fantastic view of Jay Peak. Comes partially furnished and ready for a new owner. The seller built this home in 2005 and has thoughtfully designed it for views to the Northwest of the mountains. There are 2 cabins on the property. The first one was built earlier and the kitchen floor has collapsed. Roof is still

  Cindy Sanville Sanville Real Estate, LLC

  185 Driscoll Dr, Lowell, VT 05847
• 

  

  /43

  $319,900

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,500 Sq Ft

  683 Water St, North Bennington, VT 05257

  Much larger than it looks and completely redone in 2022, with the only evidence remaining of the 1934 construction being a crawlspace through a hatch in the rear of the basement. Offering 3 bedrooms and 2 bathrooms this home is very much "like new". All the systems are modern. Living room/dining room/kitchen, mud room with laundry and bedroom on the main level. Upstairs is the primary bedroom

  Max Squiers KW Vermont - Brenda Jones Real Estate Group

  683 Water St, North Bennington, VT 05257
• 

  

  /21

  $179,000

  • 1 Bed
  • 1 Bath
  • 700 Sq Ft

  40 Brookside Dr Unit 2, Brattleboro, VT 05301

  Don't wait to come view this newly remodeled, low maintenance, affordable and desirable ground floor end unit. Inviting circular flow, the spacious living room has a brand new slider with a view of the rear yard and the Whetstone brook. Plus, you have a brand new kitchen and appliances. The large bedroom with double closet has direct access to the newly renovated bath. This condo is located in a

  Angela Sherman Brattleboro Area Realty

  40 Brookside Dr Unit 2, Brattleboro, VT 05301
• 

  

  /18

  $265,000

  $45K PRICE DROP

  • Land
  • 2.88 Acres
  • $92,014 per Acre

  Lot Three Guptil Rd, Waterbury, VT 05677

  A rare, permit-ready building lot in one of Waterbury Center's most desirable settings. While buildable land across Waterbury has grown increasingly hard to find and even harder to move forward on without permitting delays this 2.88± acre parcel eliminates that risk entirely. The lot is fully approved for a five-bedroom single-family residence, complete with a designed mound wastewater system and

  Tony Walton New England Landmark Realty LTD

  Lot Three Guptil Rd, Waterbury, VT 05677
• 

  

  /17

  $210,000

  $2K PRICE DROP

  • Land
  • 2.5 Acres
  • $84,000 per Acre

  TBD Boyce Rd, Fayston, VT 05660

  An exceptional opportunity to create a bespoke mountain residence in the Mad River Valley. This private, wooded setting offers a rare balance of seclusion and access, with two nearby trailheads providing year-round outdoor recreation in a pristine natural environment. Thoughtfully positioned away from the road, the property delivers tranquility and a true sense of retreat while remaining close to

  Kristen Rosfeld KW Vermont-Stowe

  TBD Boyce Rd, Fayston, VT 05660
• 

  

  /3

  $149,900

  • Land
  • 13,503 Sq Ft
  • $483,548 per Acre

  Lot 3 Jeb's Way, Bristol, VT 05443

  This is an incredible opportunity to build your own home in the Village of Bristol. The slightly sloping lot from South to North is perfect for a walk-out basement enabling the potential for finished lower level space or garage. Easy to develop, the underground power and utilities are available close by, along shared road. Seller will provide Town water to site. In ground Septic design for a 3

  Bonnie Gridley RE/MAX North Professionals, Middlebury

  Lot 3 Jeb's Way, Bristol, VT 05443
• 

  

  /28

  $270,000

  • 3 Beds
  • 2 Baths
  • 1,080 Sq Ft

  9 Greenhouse Ave, Randolph, VT 05060

  Enjoy peaceful country living and single-level convenience in Randolph! Set on 1.42 acres directly abutting the Town of Randolph Reservoir Loop, this inviting home offers direct trail access, exceptional privacy, and comfortable living. Beautiful hardwood floors anchor the main living area, flowing seamlessly into the kitchen equipped with stainless steel appliances and direct access to the back

  Michelle Hebert KW Vermont - Barre

  9 Greenhouse Ave, Randolph, VT 05060
• 

  

  /7

  $159,000

  $26K PRICE DROP

  • Land
  • 5.28 Acres
  • $30,114 per Acre

  114 Green Park East Rd, Hyde Park, VT 05655

  Discover the perfect blend of privacy, nature, and potential on this beautiful 5.28-acre parcel at 114 Green Park East Road in Hyde Park, Vermont. Tucked among mature trees with a mix of open clearings and wooded surroundings, this property offers an ideal setting for your future home or getaway retreat. Existing trails and partially cleared areas provide a great head start for building,

  Rob Foley Flat Fee Real Estate

  114 Green Park East Rd, Hyde Park, VT 05655
• 

  

  /15

  $59,900

  $15K PRICE DROP

  • Land
  • 2 Acres
  • $29,950 per Acre

  585 Sawmill Rd, Stratton, VT 05360

  Ready to build your Vermont dream home! Perfectly positioned between Stratton Mountain and Mount Snow, this exceptional 2-acre property offers the ideal blend of privacy, recreation, and convenience in the highly desirable Snow Mountain Farms community.Set within a picturesque mountain setting, the property is already prepared for construction with a cleared building envelope, driveway,

  Carrie Mathews Winhall Real Estate

  585 Sawmill Rd, Stratton, VT 05360
• 

  

  /53

  $205,000

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

  305 Weeks St, Bennington, VT 05201

  Experience refined living in this beautifully appointed tri-level townhouse-style condominium, ideally situated just moments from downtown, the hospital, shopping, and dining. Rich in vintage character while thoughtfully updated for modern living, this exceptional residence showcases elegant quartz and butcher block countertops, a designer tile backsplash, and striking marble flooring that create

  Lindsey Martin Maple Leaf Real Estate

  305 Weeks St, Bennington, VT 05201
• 

  

  /49

  $279,900

  $10K PRICE INCREASE

  • 2 Beds
  • 1 Bath
  • 1,008 Sq Ft

  171 Dunton Rd, Sheldon, VT 05483

  Tucked into a private and peaceful setting on approximately 1/2 acre of owned land, this meticulously maintained 2-bedroom, 1-bath home is clean, inviting, and truly move-in ready. Recent flooring updates and new windows add a fresh feel, while a dedicated office provides valuable flexibility for working from home, hobbies, or additional space. The living room also offers the option to reinstall

  Emily Norris CENTURY 21 North East

  171 Dunton Rd, Sheldon, VT 05483
• 

  

  /7

  $260,000

  • Land
  • 5.94 Acres
  • $43,771 per Acre

  160 Outsider Ln, Fairfax, VT 05454

  WELL and SEPTIC included! Country lot with some woods, an open field and 538' of frontage along the Lamoille River. River ambience at it's best, canoeing/kayaking, fishing, swimming or just sit on the bank and enjoy the serenity. House site is up high and dry. Septic design is for a 4 bedroom Advantex system design which is being istalled by the seller.Drilled well has been done and is 320'deep

  Leebeth Lemieux Dusty Trail Realty LLC

  160 Outsider Ln, Fairfax, VT 05454
• 

  

  /60

  $130,000

  $39K PRICE DROP

  • 4 Beds
  • 4.5 Baths
  • 3,000 Sq Ft

  7412 Mountain Rd Unit 4-24 430, Stowe, VT 05672

  Enjoy Mountain Living at it's best with this 4-bedroom ,5 bathroom, Front Four fractional ownership at The Penthouses at Spruce Peak. Enjoy Breakfast every morning in the owner's lounge and wine and cheese in the evening. While in residence you have access to Stowe Country Club ,Ski Passes ,access to the private Alpine Club, Spa gym and pool. Valet parking, housekeeping and a private concierge

  Diana Foster Fell Coldwell Banker Carlson Real Estate

  7412 Mountain Rd Unit 4-24 430, Stowe, VT 05672
• 

  

  /9

  $240,000

  $59K PRICE DROP

  • Land
  • 5.1 Acres
  • $47,059 per Acre

  0 Keltan Heights, Duxbury, VT 05676

  Incredible 5-Acre Parcel in Waterbury Center with approved State of Vermont Wastewater Permit.Don’t miss this rare opportunity to own a stunning 5-acre parcel in desirable Waterbury Center, offering the perfect balance of privacy, convenience, and readiness for your dream home. This beautiful lot comes with a State of Vermont-approved wastewater permit for a 5-bedroom residence, making

  Smith Macdonald Group Coldwell Banker Carlson Real Estate

  0 Keltan Heights, Duxbury, VT 05676
• 

  

  /27

  $175,000

  $35K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 675 Sq Ft

  2940 Route 103 Unit 158, Cavendish, VT 05142

  A Rare Find...1 bedroom condominium at Castle Point, only 3 miles to Okemo Mountain Resort.This condo can be rented out or used whenever you like, it is a full ownership property and fully furnished. It is located in the back away from the hotel lobbies, but has access to the pool and gym facilities. On the first floor the condo has an open living room with a gas fireplace, dining room, and a

  Elissa Scully Mary W. Davis Realtor & Assoc., Inc.

  2940 Route 103 Unit 158, Cavendish, VT 05142
• 

  

  /28

  $108,000

  $10K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 952 Sq Ft

  4 4th St Unit 40, Fair Haven, VT 05743

  Price Improved! Affordable, move-in ready, this 2022 Commodore Blazer Select manufactured home offers nearly 1,000 square feet of clean, comfortable living in the Northfield Falls Mobile Home Park. Financing opportunity: Property may offer the ability for a qualified buyer to assume the seller’s existing $20,000 Champlain Housing Trust down payment assistance loan, subject to CHT eligibility and

  Cole Elwood KW Vermont

  4 4th St Unit 40, Fair Haven, VT 05743
• 

  

  /49

  $289,000

  $20K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,836 Sq Ft

  611 Meadowbend Rd, Williston, VT 05495

  Welcome to Williston Woods, Williston's premier 55+ community. This exceptional home offers the largest floor plan in the entire park, providing an abundance of comfortable living space. The home features two spacious living areas, a dedicated dining room, and three generously sized bedrooms. The expansive primary suite includes a large walk-in closet and a private en suite bathroom with tub and

  The Malley Group KW Vermont

  611 Meadowbend Rd, Williston, VT 05495
• 

  

  /30

  $300,000

  $45K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 776 Sq Ft

  220 Mountainside Dr Unit E301, Stowe, VT 05672

  Ideally located along Stowe’s sought-after Mountain Road, this two-bedroom Mountainside condominium offers mountain views and convenient resort access, just moments from Stowe Mountain Resort, the recreation path, restaurants, and local breweries. Situated in the heart of one of Vermont’s premier four-season destinations, the property provides an ideal base for enjoying everything Stowe has to

  Amy Thompson BHHS Vermont Realty Group/Morrisville-Stowe

  220 Mountainside Dr Unit E301, Stowe, VT 05672
• 

  

  /10

  $80,000

  • Land
  • 10.5 Acres
  • $7,619 per Acre

  TBD Center Pond Rd, Newark, VT 05871

  Leave all your worries behind and experience this private, quiet land for your vacation get-away or to build your home. Great back country skiing area! Enjoy the wildlife and plant life. Several ponds are close by. Lots of recreational opportunities await including snowmobiling, fishing, boating, hiking, biking. Newark has no local zoning. Electric poles are on site.

  Marilyn Zophar Big Bear Real Estate

  TBD Center Pond Rd, Newark, VT 05871
• 

  

  /13

  $120,000

  • Land
  • 4.68 Acres
  • $25,641 per Acre

  8559 Vt Route 30, Jamaica, VT 05343

  Double the Lots, Half the Drama.Why buy one lot when you can have two for the price of... well, this one? Here are 4.68 acres of "ready-to-go" land. Permits are secured for a 3 bedroom house on each lot, and the septic is already there, so you don't have to spend your weekends at town hall meetings. Build on both, or build on one and sell the other to that friend who always "forgets" their

  TG Glazer Winhall Real Estate

  8559 Vt Route 30, Jamaica, VT 05343
• 

  /2

  $159,900

  $65K PRICE DROP

  • Land
  • 6,534 Sq Ft
  • $1,066,000 per Acre

  Lot 2 Southview Dr, South Burlington, VT 05403

  Rare opportunity to build in a prime South Burlington location! Fully permitted for a duplex or single family residence. Sewer, Water, power connections available. Just down from South Burlington's new City Center with shops and restaurants! Located on the bus-line and minutes from the airport, University of Vermont Medical Center, interstate access and a broad base of central commerce.

  Kristin Lahue Alliance Real Estate, LLC

  Lot 2 Southview Dr, South Burlington, VT 05403
• 

  

  /43

  $279,000

  $20K PRICE DROP

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

  1174 Vermont 102, Canaan, VT 05903

  Enjoy modern, turn-key living in this beautifully maintained 2022 three-bedroom, 2 bath manufactured home. Nestled on 2.54 +/- acres near the New Hampshire and Canadian borders, this property perfectly balances comfort and adventure. Inside, a bright and beautiful open floor plan welcomes you with abundant natural light. Step outside onto the expansive deck the perfect spot for your morning

  Chuck Simpson EXP Realty

  1174 Vermont 102, Canaan, VT 05903
• 

  

  /33

  $65,000

  • 1 Bed
  • 1 Bath
  • 408 Sq Ft

  17 Eagle Camp Rd Unit 17, South Hero, VT 05486

  Start making lifelong summer memories at Apple Island Resort on the shores of beautiful Lake Champlain! Whether you enjoy golfing, swimming, boating, fishing, arts and crafts, social gatherings, or simply relaxing by the water, this vibrant seasonal community offers something for everyone. Resort amenities include an 9-hole golf course, marina, in-ground pool, fitness center, general store, and a

  Keri Lombardi-Poquette Paul Poquette Realty Group, LLC

  17 Eagle Camp Rd Unit 17, South Hero, VT 05486
• 

  

  /40

  $58,000

  $6K PRICE DROP

  • 1 Bath
  • 418 Sq Ft

  228 E Mountain Rd Unit A HCP GRAND HOTEL 16, Killington, VT 05751

  New lower price for this studio unit at the Killington Grand Resort Hotel, Killington's premeire slope-side fractional ownership property! Unit 161 Interval Use Period I is a studio unit that sleeps 2 guests on a full queen sized-bed (no murphy bed or sofa bed like most sleep two studio units). This unit meets the ADA requirements for handicapped accessibility. Ownership entitles the owner to 13

  Doug Quatchak Killington Valley Real Estate

  228 E Mountain Rd Unit A HCP GRAND HOTEL 16, Killington, VT 05751
• 

  

  /28

  $314,900

  New Construction

  • 3 Beds
  • 2 Baths
  • 1,173 Sq Ft

  Lot 17 Gervais Ln, Highgate, VT 05459

  Tour this home today - or choose a model that's right for you. This turnkey land and home package includes a .60-acre building lot in one of Highgate Center's newest neighborhoods, paired with the featured Redman Homes A-24402 model, currently on display at the Deso Homes sales center. Buyers are encouraged to tour this home in person to experience the quality, craftsmanship, and available finish

  Brendan Deso Deso Realty, LLC

  Lot 17 Gervais Ln, Highgate, VT 05459
• 

  

  /51

  $75,000

  $10K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 815 Sq Ft

  33 Island Cir, South Hero, VT 05486

  This nicely furnished summer retreat, located in the prestigious Apple Island Resort, features abundant windows and multiple versatile spaces designed for seamless relaxation and entertaining. The meticulously maintained property includes a secluded rear bedroom with tons of built-in storage cabinets/closets and three strategically placed mini-splits for optimal climate control on the warmest

  Nancy Desany Coldwell Banker Hickok and Boardman

  33 Island Cir, South Hero, VT 05486
• 

  

  /22

  $167,000

  $1K PRICE DROP

  • Land
  • 5.59 Acres
  • $29,875 per Acre

  00 Vt Route 14, East Montpelier, VT 05651

  Imagine waking up to breathtaking mountain views every morning on your very own 5.59+/- acre paradise! This stunning land parcel, perfectly subdivided for your future home, features beautiful hardwoods that add to the natural beauty and charm of the landscape. These mature trees not only enhance the aesthetic appeal but also provide shade and a sense of serenity, creating a perfect backdrop for

  Trombley & Day Group BHHS Vermont Realty Group/Morrisville-Stowe

  00 Vt Route 14, East Montpelier, VT 05651
• 

  

  /40

  $148,000

  • 4,592 Sq Ft

  277 Summer St, Saint Johnsbury, VT 05819

  This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound

  Adam Cross Flex Realty

  277 Summer St, Saint Johnsbury, VT 05819
• 

  

  /23

  $299,000

  • Land
  • 45 Acres
  • $6,644 per Acre

  1376 Kingdom Rd, Plymouth, VT 05056

  Rare offering of forty-five beautiful acres in the lakes region between Killington and Okemo. You know what they say..."They don't make more land". More photos coming soon or come and take a look yourself and hike around the property. Potential views of Okemo with clearing. Subdivision is possible and has been started at the State level (along with wastewater permitting), but needs to be

  Tyleen Murray Kelley Real Estate, Inc.

  1376 Kingdom Rd, Plymouth, VT 05056
• 

  

  /35

  $299,000

  $30K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,105 Sq Ft

  38 Olympus Rd, Proctor, VT 05765

  Bring your imagination, a little elbow grease, and your vision to this four-bedroom, two-bathroom single family home in beautiful Proctor, Vermont. Set on over two acres of land, this property offers a wonderful opportunity to create something truly your own in a peaceful Vermont setting.A true diamond in the rough, this home is ready for someone with a vision to bring out its potential. With

  David Lafontaine Welcome Home Real Estate

  38 Olympus Rd, Proctor, VT 05765
• 

  

  /8

  $125,000

  $15K PRICE DROP

  • Land
  • 1.09 Acres
  • $114,679 per Acre

  21 Dinky Ln, Morristown, VT 05661

  Beautiful Elmore Mountain View, and it's time to build your dream home! Lot 3 is situated in an excellently designed newly developed neighborhood between Morrisville and Stowe. Includes a 4-bedroom wastewater permit, shared road and power on site. Cut a few trees and get the view of the Worcester Range as well. HOA to be created.

  Monica Heath Pall Spera Company Realtors-Morrisville

  21 Dinky Ln, Morristown, VT 05661
• 

  

  /39

  $59,900

  • Land
  • 40,075 Sq Ft
  • $65,109 per Acre

  14 The Ln, Stamford, VT 05352

  Escape to the beauty of VT with this unique cabin in charming Stamford VT. This is a beautiful almost 1 acre lot that has direct frontage on the North Branch of the Hoosic River. It is mostly cleared & level & has a quaint pathway leading down to the river, to enjoy nature. The property includes a cozy 16x10 cabin with solar powered battery system for lights and to plug things into. with 2

  Susan Colvin MONARCH REALTY, INC.

  14 The Ln, Stamford, VT 05352

Showing Results 481 - 520, Page 13 of 18