Disgraced biker, Lance Armstrong, has begun selling everything he owns to pay his legal bills and he started with his prized estate in Austin, Texas which just sold for an estimated $3.1 million.

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An Oil-and-gas rights agent by the moniker, Al Koehler, bought Armstrong’s 1.7-acre property reports a deed of trust filed with Travis County last week.

Though county record recorded the property’s value at $3.9 million, Armstrong’s fire-sale left little time for negotiations.. Costing the cyclist and future event swimmer, about $700,000.

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The weird part is a local real estate agent is claiming the house was sold at $10 million but Koehler says he paid “nothing close” to that sum.

The sale sparks a frenzy sell-off expected for Armstrong in a strong push for his legal fund.

There is said to be an “endless” parade of folks waiting to begin the process of suing Lance. I guess it PAYS to be a NICE guy once in a while!

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