After 263 days on the market, the owner of 857 Canis Lane in Foster City has now listed their home with a company called USAuctionAdvantage. The opening bid is $ 300,000. Considering that the last condo was sold for $ 540,000 and didn’t have any of these up-grades, this might be a great opportunity for someone who is comfortable with the disclosures. My understanding is that the HOA has to address a rather large capital improvement project and members have not been able to agree on how to proceed. As a result homeowners who have tried to sell in this beautiful complex have taken a huge hit. According to the website, buyers can bid until May 23, 2009. Follow the current bidding price and # of bids on their website:


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