At 10:00 a.m. on Monday, March 19, 1957, 22-year-old Elvis Presley, accompanied
by his parents, Gladys and Vernon met with real estate agent Virginia Grant
at Graceland. Elvis, along with his parents, signed the sales contract on the
spot as purchasers and a closing date was set for March 26.
The purchase was funded by a combination of $10,000 cash deposit, trade of a
previous home on Audubon Drive in Memphis for $55,000 and a mortgage of