Elvis Presley made the down payment on his Graceland mansion on this day, March 19, 1957.
“The King” made a down payment of $1,000 in cash for the house, located outside of Memphis, Tennessee, the History Channel reports.
In 2023, that figure will be equivalent 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 full-length film, “Loving You,” History.com notes.
The singer, then 22, bought Graceland partly for privacy reasons.
Elvis Presley photographed on the grounds of Graceland shortly after purchasing the home in Tennessee. (Michael Ochs Archives)
“Elvis had already purchased a house for his parents on Audubon Avenue in East Memphis, but that residential neighborhood had become overrun with curious and adoring people by the time Elvis became a megastar,” the History Channel said.
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Today, Graceland is the second most visited house in the United States.
First on that list is the White House, History.com said.
Graceland in 2017. Elvis Presley's former home is one of the most popular tourist destinations in the US, second only to the White House. (AP Photo/Beth J. Harpaz, File)
Presley died in the master bedroom at Graceland on August 16, 1977.
The house is “preserved exactly as Elvis left it,” Graceland's website says.
Presley, along with members of his family, including most recently his daughter, Lisa Marie, are buried in Graceland's meditation garden, the site says.
Graceland has undergone a major transformation since it was first built in 1939.
Graceland Mansion sits on a 13.8-acre estate.
While the house may be preserved as Elvis left it, Graceland has undergone a major transformation since it was first built in 1939.
Elvis Presley (1935-1977), American rock 'n' roll legend. The grounds of Graceland today include a resort hotel and a chapel. (Getty Images)
Initially, Graceland was part of a 500-acre farm owned by the SE Toof family, Graceland's website says.
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“Graceland” is derived from the name of one of the SE Toof family members, Grace.
Elvis was buried at his beloved Graceland. Fans can visit his grave during tours of the property. (Robert Alexander/Getty Images)
The history of Graceland says that “in 1939, Grace's niece, Ruth Brown Moore, and her husband, Dr. Thomas Moore, built the mansion, which became well-known among Memphis locals.”
After Presley purchased it, he made several changes to the house, including building the famous “jungle room” as an addition.
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Graceland's grounds now include a resort hotel and a chapel, according to the home's website.
As Priscilla Presley has said, according to Architectural Digest, “Visitors flock to Graceland to feel connected to an icon whose life remains shrouded in mystery.”
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That publication also quotes her as saying: “Elvis didn't fit the mold, he marched to the beat of his own drum…But when people walk through that door [of Graceland], there is reverence, respect, tranquility. It's like his spirit is there. They come back again and again to experience it…him.”
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