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Lance Armstrong Sold His Home, Estate In Austin To Al Koehler

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AUSTIN, Texas — Disgraced cyclist Lance Armstrong has sold his Austin estate to an oil-and-gas rights agent.

The Austin American-Statesman () reports 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 and the site of the Oprah Winfrey interview where he admitted his use of performance-enhancing drugs. http://bit.ly/14d3Ric

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 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 Armstrong plans to remain an Austin resident.

Armstrong was stripped of his seven Tour de France titles in August and is banned for life from sports.

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Information from: Austin American-Statesman, http://www.statesman.com

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Information from: Austin American-Statesman, http://www.statesman.com

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