This was on EIN..
Interesting what Marty had to say...
franny
Update - So how much for Elvis' THIRD house?: Following our story yesterday about the house Elvis bought on Lehr St, Memphis Mafia mamber, Marty Lacker, sent us this message:
"I might be mistaken because it's been a longtime ago but I believe the house on Lehr is the house that Elvis bought for Linda Thompson's parents. They lived in it and they and Linda thought it was theirs but it seems that Elvis' father kept it in Elvis' name instead, unbeknownst to them, and when Elvis died Vernon made them leave the house and Vester and Clettes presley moved into it. When Elvis bought it he told me that he bought it and gave it to the Thompsons and he was proud of doing so. Linda and her parents sued Vernon to get it back to no avail."
here's the previous story from EIN...
So how much for Elvis' THIRD house?: Psychic/showman Uri Geller recently purchased Elvis Presley?s first home, at 1034 Audubon Drive, for more than $900,000. Two years ago, entrepreneur Robert F.X. Sillerman bought the Graceland estate, and a good portion of Elvis Presley Enterprise as well, for $125 million. So, how much would Elvis? third house go for?
We recently turned up a 1974 Commercial Appeal article which mentions that Elvis had purchased a home at 1576 Lehr, just behind Graceland. On September 20, 1974, he paid precisely $33,925 for the one-story 1,500-square-foot property, and the newspaper story noted the homeowner had been told that the King of Rock-and-Roll never planned to live there but had purchased it for an investment.
We?re not sure how much this investment has paid off over the years, but if the present owner ever considers selling it, may we suggest eBay
I outright own my house, and I have the deed locked away. I can't imagine how the Thompsons thought they owned the house, if they didn't have the deed. I'm not surprised Vernon tried to keep them (or did) from having it, as everything I've always heard was that he was always scared to death Elvis was going to spend them back into the poor house.
That's true, Jim...They would have to have the deed....
I heard Vernon was tight with money, but sometimes for good reason...
franny
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