Elvis Presley‘s Graceland home has become as iconic as the entertainer himself. The Memphis estate draws upwards of half a million people yearly to tour the residence and its expansive grounds. In 1957, Presley paid a considerable sum for the mansion. How much did he pay for Graceland? What is it worth today?
Elvis Presley paid 20 times more than the average yearly income for Graceland
According to the Census, the average median income for a home in 1957 was around $5,000. Elvis Presley paid 20 times more than that for Graceland when he put down $1,000 collateral on a purchase price of $102,5000.
Presley reportedly left it up to his parents, Vernon and Gladys, to find the family home with more property for both privacy and security. The family previously lived at 1034 Audobon Drive, and the property was easily accessible to fans.
Subsequently, Graceland was presented as an option for the family residence via real estate agent Virginia Grant,...
Elvis Presley paid 20 times more than the average yearly income for Graceland
According to the Census, the average median income for a home in 1957 was around $5,000. Elvis Presley paid 20 times more than that for Graceland when he put down $1,000 collateral on a purchase price of $102,5000.
Presley reportedly left it up to his parents, Vernon and Gladys, to find the family home with more property for both privacy and security. The family previously lived at 1034 Audobon Drive, and the property was easily accessible to fans.
Subsequently, Graceland was presented as an option for the family residence via real estate agent Virginia Grant,...
- 5/21/2024
- by Lucille Barilla
- Showbiz Cheat Sheet
Elvis Presley fans don’t have to head to one of the many chapels in Las Vegas, Nv, to have a wedding with a king of rock and roll twist. They can get married right on the grounds of Presley’s Graceland mansion at The Chapel in the Woods. Here are all the details.
Elvis Presley’s Graceland estate in a photograph taken in 1970 | Mick Hutson/Redferns The Chapel in the Woods sits on Elvis Presley’s Graceland Estate
The Chapel in the Woods is relatively new to Graceland. The structure played a featured part in the Hallmark Channel Original Movie Wedding at Graceland starring Kellie Pickler.
The impressive chapel features high-beam wood ceilings and floor-to-ceiling windows surrounded by a natural forest backdrop. The unique building may be on the grounds of Presley’s home but appears to be worlds away from the hustle and bustle of Elvis Presley Boulevard.
Elvis Presley’s Graceland estate in a photograph taken in 1970 | Mick Hutson/Redferns The Chapel in the Woods sits on Elvis Presley’s Graceland Estate
The Chapel in the Woods is relatively new to Graceland. The structure played a featured part in the Hallmark Channel Original Movie Wedding at Graceland starring Kellie Pickler.
The impressive chapel features high-beam wood ceilings and floor-to-ceiling windows surrounded by a natural forest backdrop. The unique building may be on the grounds of Presley’s home but appears to be worlds away from the hustle and bustle of Elvis Presley Boulevard.
- 6/12/2023
- by Lucille Barilla
- Showbiz Cheat Sheet
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