$410,000

198 Lorman Ln Madison, MS 39110

Estimated payment $2,253/month

Total Views 164
3 Beds
2 Baths
2,271 Sq Ft
$181 Price per Sq Ft

Highlights

  • Lake Front
  • Boat or Launch Ramp
  • Fishing
  • Madison Station Elementary School Rated A
  • Boating
  • Clubhouse

About This Home

Rare waterfront opportunity in the highly desired Lake Lorman community of Madison. This property sits directly on the water and includes a separately deeded, vacant waterfront lot, offering exceptional value, flexibility, and future potential. The home is not turn-key and will require renovations, making it ideal for buyers looking to customize, invest, or add equity in a premier lake setting. Major improvements are already in place, including a new roof and new HVAC system, providing a strong foundation for future updates. Whether you envision a full renovation, weekend lake retreat, or long-term investment, this property offers hard-to-find double waterfront ownership in one of Madison's most sought-after lake communities. Endless possibilities—bring your vision and make it your own.

Listing Agent

Barry Woodward

Woodward Real Estate, Inc License #B14270 Listed on: 01/13/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $552

Year Built

  • Built in 1972

Lot Details

  • 1.35 Acre Lot
  • Lake Front
  • Wooded Lot
  • Private Yard

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Architectural Shingle Roof

Interior Spaces

  • 2,271 Sq Ft Home
  • Built-In Features
  • Bar
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Aluminum Window Frames
  • French Doors
  • Sliding Doors
  • Great Room with Fireplace
  • Combination Kitchen and Living
  • Storage
  • Laundry in Kitchen
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Electric Oven
  • Cooktop
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Boat or Launch Ramp
  • Deck

Schools

  • Madison Station Elementary School
  • Madison County Middle School
  • Madison Central High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 071c-06a-057-00-00

Community Details

Overview

  • Association fees include accounting/legal, insurance, ground maintenance
  • Lake Lorman Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Boating
  • Community Boat Launch
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$552

Year Built

Built in 1972

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Structure Type: House
  • Year Built: 1972
  • Lot Size Acres: 1.35
  • Subdivision Name: Lake Lorman
  • Directions: Lakeshore Drive right on Lorman Lane
  • New Construction: No
  • Remarks Miscellaneous:Agent Remarks: Rare waterfront opportunity in the highly desired Lake Lorman community of Madison. This property sits directly on the water and includes a separately deeded, vacant waterfront lot, offering exceptional value, flexibility, and future potential. The home is not turn-key and will require renovations, making it ideal for buyers looking to customize, invest, or add equity in a premier lake setting. Major improvements are already in place, including a new roof and new HVAC system, providing a strong foundation for future updates. Whether you envision a full renovation, weekend lake retreat, or long-term investment, this property offers hard-to-find double waterfront ownership in one of Madison's most sought-after lake communities. Endless possibilities—bring your vision and make it your own.
  • General Property Information:List PriceSqFt: 180.54
  • General Property Information:New Construction: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Cooktop, Disposal
  • AtticFeaturesAttic: No
  • BasementFeaturesBasement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors, Sliding Doors
  • Fireplace Features: Gas Log, Great Room, Masonry, Wood Burning
  • Flooring: Carpet, Laminate
  • Interior Amenities: Bar, Built-in Features, Ceiling Fan(s), Natural Woodwork, Pantry, Storage, Vaulted Ceiling(s)
  • Window Features: Aluminum Frames
  • Fireplace: Yes
  • Community Features:Boating: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Natural Woodwork: Yes
  • Laundry Features:In Kitchen: Yes
  • Community Features:Fishing: Yes
  • Interior Features:Pantry: Yes
  • Kitchen Features:KitchenFamily Room View: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Built-in Features: Yes
  • Appliances:Cooktop: Yes
  • Bathroom Features:Walk-In Shower: Yes
  • Fireplace Features:Great Room2: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Kitchen Features:Custom Cabinets: Yes
  • Appliances:Oven - Electric: Yes
  • Interior Features:Bar: Yes
  • Interior Features:Storage2: Yes
  • Community Features:Clubhouse: Yes
  • Fireplace Features:Wood Burning: Yes
  • Fireplace Features:Masonry2: Yes

Exterior Features

  • Exterior Features: Private Yard
  • Fencing: None
  • Foundation Details: Slab
  • Lot Features: Views, Wooded
  • Roof: Architectural Shingles, Asphalt Shingle
  • Patio And Porch Features: Deck
  • Waterfront Features: Boat Launch, Lake Front
  • WaterfrontFeaturesWaterfront: Yes
  • Pool Private: No
  • Waterfront: Yes
  • Construction Type: Brick
  • General Property Information:Accessibility Features: No
  • Driveway Features:Concrete Drive: Yes
  • Exterior Features:Private Yard: Yes
  • Lot Features:Views: Yes
  • Lot Features:Wooded: Yes
  • Window Features:Aluminum Frames: Yes
  • Patio And Porch Features:Deck2: Yes
  • Door Features:French Doors: Yes
  • Waterfront Features:Lake Front: Yes
  • Door Features:Sliding Doors: Yes
  • Waterfront Features:Boat Launch: Yes

Garage/Parking

  • Carport Spaces: 2.0
  • Parking Features: Carport, Concrete
  • Attached Garage: No
  • Parking Features:Carport: Yes

Utilities

  • Cooling: Electric
  • Heating: Central, Natural Gas
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, Fiber to the House
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Central: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Annually
  • Community Features: Boating, Clubhouse, Fishing
  • Association: Yes

Association/Amenities

  • HorseAmenitiesHorseAmenities: No
  • Tax and Financial Information:Association: Yes
  • Covenants And Restrictions:Homeowner Association: Yes
  • Association Fee Includes:Maintenance Grounds: Yes
  • Tax and Financial Information:Association Fee: 750.0
  • Tax and Financial Information:Association Fee Frequency: Annually
  • Association Fee Includes:AccountingLegal: Yes
  • Association Fee Includes:Insurance: Yes

Fee Information

  • Association Fee Includes: Accounting/Legal, Insurance, Maintenance Grounds

Schools

  • Elementary School: Madison Station
  • High School: Madison Central
  • Middle Or Junior School: Madison County
  • Junior High Dist: Madison CO Dist

Lot Info

  • Parcel #: 071c-06a-057-00-00
  • Lot Size Sq Ft: 58806.0

Tax Info

  • Tax Annual Amount: 552.0
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,427 $23,268 $0 $0
2024 $552 $15,512 $0 $0
2023 $552 $15,512 $0 $0
2022 $541 $15,512 $0 $0
2021 $541 $15,108 $0 $0
2020 $541 $15,108 $0 $0
2019 $541 $13,008 $0 $0
2018 $541 $13,008 $0 $0
2017 $525 $12,845 $0 $0
2016 $504 $12,845 $0 $0
2015 $504 $12,845 $0 $0
2014 $498 $12,776 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2026 01/13/26 For Sale $410,000 -- $181 / Sq Ft
Source: MLS United

Purchase History

Date Type Sale Price Title Company
Executors Deed -- First Guaranty Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $222,750 New Conventional
Source: Public Records

Source: MLS United

MLS Number: 4135936

MLS United

APN: 071C-06A-057-00-00

Mississippi Madison County Madison 39110

198 Lorman Ln, Madison, MS

For Sale

Detached

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MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

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Listing Agent
Barry Woodward
Section Image
Woodward Real Estate, Inc
(601) 840-5497