That's a pretty damn premium location actually, and would likely appear even more so to someone not from Detroit and without all of the baggage of this place. Even though the house itself is a wreck, E. Jefferson, Belle Isle, and E.Grand Blvd. are all on the upswing and on the gentrification horizon. Certainly $151,000 would seem like a drop in the bucket, even for someone from many of our local suburbs. And definitely so for someone from one of the several metropolitan areas in this country and elsewhere where that amount of money wouldn't buy you even a little apartment.