MEMPHIS, Tenn. (AP) -- A Memphis businessman has bought a pre-Civil War mansion in the city and plans a substantial renovation of the property.
Ken Robison has purchased 161-year-old Annesdale, a five-bedroom, 4 1/2-bath home with about 8,000 square feet on seven acres.
He declined to give the purchase price, but real estate agent Ed Beasley said it was listed most recently for $979,000, according to The Commercial Appeal.
Robison, who owns Robison Finch Estate Sales and Appraisals, called it "the finest piece of architecture in Memphis."
He said the renovation will include new heating and air conditioning, electrical upgrades, a security system and garden work.
It had been on the market for less than a year and was purchased from the Snowden and Todd estates.
(Copyright 2011 by The Associated Press. All Rights Reserved.)