Lance Armstrong Sells $10 Million Austin, Texas, House | AOL Real ...

By

The Associated Press | Posted Apr 11th 2013 1:45PM
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Disgraced cyclist Lance Armstrong has sold his Austin, Texas, estate to an oil-and-gas rights agent. The Austin American-Statesman reports that a deed of trust filed with Travis County last week showed Al Koehler obtained a $3.1 million loan to buy the property, Armstrong's home since 2004.

Although county tax rolls listed the 1.7-acre property's value at $3.9 million, local real estate agents say the house was listed at $10 million. However, in an email to the American-Statesman, Koehler says that he paid nothing close to the listed value.

Koehler is a founder of Royalty Clearinghouse, which buys oil and gas royalties and mineral rights on behalf of clients.

Armstrong spokesman Mark Higgins confirmed the sale and says that Armstrong plans to remain an Austin resident. Armstrong has admitted to using performance-enhancing drugs. He was stripped of his seven Tour de France titles in August and is banned for life from sports.

Find homes for sale in Austin, Texas, or search listings in your area.

More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Find homes for rent in your area.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

Source: http://realestate.aol.com/blog/2013/04/11/lance-armstrong-austin-house/

Aaron Paul packers Dancing With The Stars All Stars Joseph Gordon-Levitt space shuttle Torrey Smith Brother fiona apple