Armstrong sells estate, Lance Armstrong, the disgraced cyclist has sold his Central Austin Estate to Al Koehler, an oil and gas rights agent. But, Lance Armstrong still likes to be in Austin. According to the sources, a deed of trust filled by the buyer of the estate, Al Koehler, showed that Al Koehler took out a loan for $3.1 Million to purchase the property. However, the local real estate agents say that the product was listed for $10 million. But, the property was listed on the Travis Country Tax Roll for $3.9 Million in 2012.
Lance Armstrong had brought the estate way back in 2004. The estate spreads out in an area of 1.7 acres near Camp Mabry. Lance Armstrong has not yet given any news about this deal. But Mark Higgins, an Armstrong spokesman has confirmed the deal. But he refused to provide further details about it.
The buyer of the estate, Al Koehler, is a 49 year old resident of Austin. He is the founder of Royalty Clearinghouse, which deals with the purchasing of Oil and Gas royalties and Mineral rights. Al Koehler has written to the American Statesman that he is happy that the house stayed with an Austinite.
The estate has a 7,850 square foot Spanish styled main house. The walls of the house was decorated with the arts and paintings that Lance Armstrong collected. Armstrong had great love toward his house, He had said about that in many interviews. He had his office on the first floor and his three children had their unique bedrooms, which they designed in the second floor. Architectural digest magazine featured this house in 2008. The house also had a media room where Lance Armstrong hung all his seven Tour-de-France yellow jerseys. As Lance Armstrong was proved of consuming drugs, he was stripped off all his Tour-de-France titles and he was even banned for life from competitive sports by U.S. Anti-Doping agency. Lance Armstrong is facing many lawsuits, which could even destroy all his fortunes.
Lance Armstrong had brought the estate way back in 2004. The estate spreads out in an area of 1.7 acres near Camp Mabry. Lance Armstrong has not yet given any news about this deal. But Mark Higgins, an Armstrong spokesman has confirmed the deal. But he refused to provide further details about it.
The buyer of the estate, Al Koehler, is a 49 year old resident of Austin. He is the founder of Royalty Clearinghouse, which deals with the purchasing of Oil and Gas royalties and Mineral rights. Al Koehler has written to the American Statesman that he is happy that the house stayed with an Austinite.
The estate has a 7,850 square foot Spanish styled main house. The walls of the house was decorated with the arts and paintings that Lance Armstrong collected. Armstrong had great love toward his house, He had said about that in many interviews. He had his office on the first floor and his three children had their unique bedrooms, which they designed in the second floor. Architectural digest magazine featured this house in 2008. The house also had a media room where Lance Armstrong hung all his seven Tour-de-France yellow jerseys. As Lance Armstrong was proved of consuming drugs, he was stripped off all his Tour-de-France titles and he was even banned for life from competitive sports by U.S. Anti-Doping agency. Lance Armstrong is facing many lawsuits, which could even destroy all his fortunes.