Olive Branch
Real Estate
It looks like Graceland won't be auctioned off. But how did the possibility ever occur?
Amid the ongoing foreclosure debacle of the Graceland estate, Shelby County Register of Deeds said that they do not have a deed of trust on file for the property. A representative from the Shelby County Register of Deeds said that this was extremely uncommon and that a typical document filed during foreclosure...
Seeking Solutions | Memphians look to combat declining black home ownership rates
MEMPHIS, Tenn. — Memphians are seeking solutions to problems facing the Mid-South housing market. According to the National Association of Real Estate Brokers (NAREB), home ownership among Black Americans has dropped almost 10 percent in the past two decades. Nationally, the rate stands at 40.6% compared to non-Hispanic, white Americans at 73.8%.
Court halts Graceland sale; company withdraws claim
MEMPHIS, Tenn. — A Shelby County judge issued an injunction Wednesday halting the sale of the Graceland estate, which was set for a foreclosure auction Thursday, prompting the company involved to withdraw its claim. “The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in […]
Elvis Presley’s Graceland: How Much Did He Pay for the Home? What Is It Worth Today?
The expansive Memphis mansion was quite costly in 1957 when the King of Rock and Roll first bought the property. 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?
“No harm meant”: Company withdraws claim after court halts Graceland foreclosure sale
MEMPHIS, Tenn. — A Shelby County judge issued an injunction Wednesday halting the sale of the Graceland estate, which was set for a foreclosure auction Thursday, prompting the company involved to withdraw its claim. “The court will enjoin the sale as requested because, one, the real estate is considered unique under Tennessee law. And in […]
Which Memphis suburb has the highest home prices so far in 2024? Here's how they rank
Collierville led the six Shelby County suburban municipalities in most homes sold and highest median home sales price during the first quarter of 2024, according to Memphis Area Association of Realtors’ data. Collierville saw 185 homes sold from January to March 2024, compared to 163 homes in the same period last year — a 13.5% increase. The town's median sales price rose 4.8%, going from $499,500 to $523,310. ...
Bartlett's first mixed-use project brings more housing options to city
Good morning, Memphis! This is Features and Business Editor Erin Munz, and you're reading the Daily Briefing, our one-stop digital shop for the best Memphis stories from our award-winning Commercial Appeal team. Work is underway on Bartlett's first mixed-use development. ...
How the Union Depot project in Bartlett will fill a void in the city's housing market
Work is underway on Bartlett's first mixed-use development. The Union Depot, which is being built by development firm Blue Sky Communities, is led by local developer Keith Grant of Grant & Co. Builders, a Collierville-based homebuilding firm that also owns Blue Sky Communities. The 74-acre project site is located off U.S. 70 at Stage...
The Lake District may still face auction despite reaching deal to settle debts. Here's why
The Lake District mixed-use development in Lakeland could still be put up for auction. In an email to The Commercial Appeal, Lakeland Mayor Josh Roman said The Lake District's developer, Yehuda Netanel, was given a two-week extension to secure funding to pay off his outstanding debt. Roman said from his understanding Netanel is hoping for a refinancing closing on May 13. ...
Looking to buy a home in Tennessee? These counties are selling the most homes under asking price
Thinking about buying a house in Tennessee? You may want to consider the likelihood of getting the house for less than asked for. Stacker, a data-driven news organization, compiled data from Redfin, a real estate company, for the month of March in Tennessee. From these numbers, Stacker was able to determine the "counties with the most homes selling under list price in Tennessee." ...
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