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On this historic day, March 19, 1957, Elvis pays a deposit on Graceland


Elvis Presley paid the deposit for his Graceland mansion on this historic day, March 19, 1957.

‘The King’ has put down a $1,000 cash deposit for the home, which is located outside of Memphis, Tennessee, the History Channel reports.

In 2023, that figure equates to just over $10,000.

Presley bought the house for $102,500.

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By the time Presley bought the house, he had already released two studio albums and 48 singles – and was finishing his second feature, “Loving You”, notes History.com.

The then 22-year-old singer bought Graceland in part for privacy reasons.

Elvis Presley pictured on the grounds of Graceland shortly after buying the house in Tennessee. (Michael Ochs Archive)

“Elvis had previously bought a house for his parents on Audubon Avenue in East Memphis, but that residential area had become overrun with onlookers and worshipers as Elvis became a megastar,” the History Channel said.

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Today, Graceland is the second most visited home in the United States.

First on that list is the White House, History.com said.

Graceland in 2017. The former home of Elvis Presley is one of the most popular tourist destinations in the United States, second only to the White House.

Graceland in 2017. The former home of Elvis Presley is one of the most popular tourist destinations in the United States, second only to the White House. (AP Photo/Beth J. Harpaz, File)

Presley died in the master bedroom of Graceland on August 16, 1977.

The house is “preserved precisely as Elvis left it,” says the Graceland website.

Presley, along with members of his family, most recently his daughter, Lisa Marie, are buried in Graceland’s meditation garden, the site says.

Graceland has undergone quite a transformation since its construction in 1939.

The Graceland Mansion sits on a 13.8 acre estate.

While the house may be preserved as Elvis left it, Graceland itself has undergone a significant transformation since it was built in 1939.

Elvis Presley (1935-1977), American rock'n'roll legend. The Graceland Estate today includes a resort hotel and chapel.

Elvis Presley (1935-1977), American rock’n’roll legend. The Graceland Estate today includes a resort hotel and chapel. (Getty Pictures)

Initially, Graceland was part of a 500-acre farm owned by the SE Toof family, the Graceland website says.

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“Graceland” is derived from the name of one of the SE Toof family members, Grace.

Elvis was laid to rest in his beloved Graceland. Fans can visit his grave during tours of the property.

Elvis was laid to rest in his beloved Graceland. Fans can visit his grave during tours of the property. (Robert Alexandre/Getty Images)

Graceland’s history says that “in 1939, Grace’s niece, Ruth Brown Moore, and her husband, Dr. Thomas Moore, built the mansion, which has become well known to the people of Memphis.”

After Presley bought it, he made several modifications to the house, including building the famous “jungle room” as an add-on.

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The Graceland grounds now include a resort hotel and chapel, according to the home’s website.

As Priscilla Presley said, according to Architectural Digest, “Visitors flock to Graceland to feel connected to an icon whose life still remains shrouded in mystery.”

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This post also quotes her as saying, “Elvis didn’t fit the mold, he walked to his own drum… But when people walk through that front door [of Graceland], there is a reverence, a respect, a peace of mind. It’s as if his spirit was there. They come back time and time again to experience… him.”

Fox

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