Then there's this home, located in San Rafael, California, approximate 20 miles away. Built in 1962, the home has 1942 square feet, smaller than the first home but, like the other home, has 5 bedrooms and 2 bathrooms. It is listed at $775,000 ($10K more than the first home.) Did I mention that it's cash only? The listing says, "...anyone looking to get a loan on this need not apply. Major fixer with roof, electrical, water intrusion issues etc. Basically it should be brought down to the studs."
Wow, that's extremely interesting! It's just a guess, since I'm a Texan and am not familiar with the two cities, but I'd say "Location, location, location" is strongly at play here.