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Lance Armstrong sells Austin estate

Updated: April 10, 2013, 11:12 PM ET
Associated Press

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, which had been 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 ...

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