AUSTIN (KXAN) - Lance Armstrong's 1.7-acre estate between Camp Mabry and Lake Austin was sold April 1 to a buyer who put up a $3.1 million mortgage, records on file with the Travis County Clerk's Office show.
The property, which combines two lots in the 3400 block of Foothill Terrace, was controlled by the LEA Revocable Trust. Armstrong's full name is Lance E. Armstrong. It was sold to an entity called LLSK Revocable Trust.
Mark Higgins, a spokesman for the cyclist, confirmed that Armstrong has sold the property but said he will continue to make Austin his home. Higgins declined to be more specific.
According to the Travis Central Appraisal District, the lot at 3404 Foothill has a two-story, 7,806-square-foot home built in 2004. Several improvements were added the following year. It was appraised at nearly $3.15 million in 2012.
The adjacent lot has a single-story, 1,633-square-foot home that was built in 2006, the appraisal district's records show. It had a taxable value of just over $841,500 in 2012.
The $3.1 million mortgage is likely not the full purchase purchase. Records on file with the county clerk to not state the exact purchase price because such information is not disclosed publicly.
Since revelation emerged concerning his use of banned substances during his career as a bicycle racer, Armstrong has been dropped by many of his commercial sponsors. His affiliation with the cancer-fighting charity, Livestrong, that he founded has also ended.
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