198 Lorman Ln

Madison, MS 39110

$410,000
Price
3
Beds
2,271 Sq. Ft.
$181 / Sq. Ft.
2,271
Sq. Ft.
$181
per Sq. Ft.
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Description

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...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.
  1. Listed by Barry D Woodward • Brokerage DRE #23025 • Woodward Real Estate, Inc
    P: (601)-941-5190 C: (601)-941-5190 barrywoodward@augustaconstruction.net

Property Details for 198 Lorman Lane

Architectural Style
Ranch
Waterfront
Yes
Waterfront Features
Boat Launch, Lake Front
LISTING UPDATED: 01/13/2026 05:06 AM

Property Details for 198 Lorman Lane

StatusActive
MLS #4135936
Days on Market11
Taxes$552 / year
HOA Fees$750 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1972
Lot Size1.35 AC / 58,806 SF
CountyMadison County

Location

Listing Courtesy of Woodward Real Estate, Inc
Add your commute

Building Information for 198 Lorman Lane

Stories-Year Built1972Building Size-Lot Size1.35 AC / 58,806 SF

Payment Calculator

$2,107 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,998

Property Taxes

$46

HOA Dues

$63

The Payment Calculator is for illustrative purposes only.

Property Information for 198 Lorman Lane

Summary
Location and General Information
  • Directions: Lakeshore Drive right on Lorman Lane
  • Community Features: Boating, Clubhouse, Fishing
  • Fencing: None
  • Subdivision Name: Lake Lorman
  • Latitude: 32.48
  • Longitude: -90.23
Taxes and HOA
  • Association: Yes
  • Association Fee: $750
  • Association Fee2: $0
  • Association Fee Frequency: Annually
  • Tax Legal Description: LOT 196 & 196-A LAKE LORMAN PART 6
  • Association Fee Includes: Accounting/Legal, Insurance, Maintenance Grounds
  • Tax Year: 2024
  • Tax Annual Amount: $552.00
  • Tax and Financial Information:Tax Annual Amount: $552.00
  • Tax and Financial Information:Tax Year: 2,024.00
  • Tax and Financial Information:Homestead Y/N: No
  • Tax and Financial Information:Additional Exemptions Y/N: No
  • Tax and Financial Information:Flood Insurance Required?: No
  • Tax and Financial Information:Leasehold Y/N: No
  • Tax and Financial Information:Association: Yes
  • Tax and Financial Information:Association Fee: $750.00
  • Tax and Financial Information:Association Fee Frequency: Annually
  • Tax and Financial Information:Association Fee 2: $.00
  • Tax and Financial Information:Covenants Y/N: Yes
  • Tax and Financial Information:Legal Description: LOT 196 & 196-A LAKE LORMAN PART 6
Parking
  • Parking Features: Carport, Concrete
  • Carport Spaces: 2.00
  • Garage Spaces: .00
  • Attached Garage: No
  • Parking Features:Carport: Yes
School Information
  • Elementary School: Madison Station
  • High School: Madison Central
  • Middle Or Junior School: Madison County
Property
Lot Information
  • Lot Size Acres: 1.35
  • Year Built Source: Owner
  • Lot Features: Views, Wooded
  • Structure Type: House
  • Living Area Source: Appraiser
  • Building Area Total: 2271.0
  • Lot Size Area: 1.35
  • Lot Size Units: Acres
  • Lot Size Square Feet: 58806.0
  • Waterfront Features:Waterfront: Yes
  • Waterfront Features:Boat Launch: Yes
  • Waterfront Features:Lake Front: Yes
Property and Assessments
  • New Construction: No
  • Floor Plans Count: 0
  • Property Type: Residential,Single Family Residence
  • Year Built: 1972
  • Property Sub Type: Single Family Residence
  • General Property Information:New Construction: No
  • General Property Information:Approx Lot Size Acres: 1.35
  • General Property Information:SqFt Source: Appraiser
  • General Property Information:Year Built Source: Owner
  • General Property Information:Garage Spaces: .00
  • General Property Information:Carport Spaces: 2.00
  • General Property Information:Total Floors: 1.00
  • General Property Information:Bathrooms Half: .00
  • General Property Information:Bathrooms Three Quarter: .00
  • General Property Information:Fireplace: Yes
  • General Property Information:Fireplaces Total: 2.00
  • General Property Information:Pool: No
  • General Property Information:School District: Madison CO Dist
  • General Property Information:Elementary School: Madison Station
  • General Property Information:Elementary School 2: N/A
  • General Property Information:Intermediate School: N/A
  • General Property Information:Middle or Junior School: Madison County
  • General Property Information:High School: Madison Central
  • General Property Information:Home Warranty: No
  • General Property Information:Accessibility Features: No
Utilities
  • Electric: True
  • Utilities: Electricity Connected, Natural Gas Available, Fiber to the House
Interior and Exterior Features
Exterior Features
  • Roof: Architectural Shingles, Asphalt Shingle
  • Pool Private: No
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Exterior Features: Private Yard
  • Patio And Porch Features: Deck
  • Security Features: Smoke Detector(s)
  • Workshop Features:Workshop Features Workshop: No
  • Barn Features:Barn: No
  • Horse Amenities:Horse Amenities: No
Interior Features
  • Flooring: Carpet, Laminate
  • Fireplace: Yes
  • Basement: No
  • Cooling: Yes
  • Cooling: Electric
  • Door Features: French Doors, Sliding Doors
  • Fireplace Features: Gas Log, Great Room, Masonry, Wood Burning
  • Heating: Central, Natural Gas
  • Interior Features: Bar, Built-in Features, Ceiling Fan(s), Natural Woodwork, Pantry, Storage, Vaulted Ceiling(s)
  • Laundry Features: In Kitchen
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
  • Window Features: Aluminum Frames
  • Heating: Yes
  • Rooms Total: 0
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Notational: 2.00
  • Bedrooms Total: 3
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Appliances: Cooktop, Disposal
  • Attic Features:Attic: No
  • Basement Features:Basement: No

Property History for 198 Lorman Lane

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Listed (Active)

GCAOR MLS #4135936

$410,000—
DateEvent & SourcePrice
01/13/2026

Listed (Active)

GCAOR MLS #4135936

$410,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Lorman Lane

Taxable ValueLand-Additions-Total-
Tax Record2025$2,427 ($202 / month)
Home Facts
Beds2Total Finished SqFt2,188 SqFtAbove Grade Finished SqFt2,188 SqFtStories1StyleSingle Family ResidenceYear Built1972CountyMADISONAPN071C-06A-057Fireplace TypeHas Fireplace

Schools near 198 Lorman Lane

This home is within Madison Co School Dist.
Rating
School
Type
Grades
Distance
Madison Station Elementary School
Public - K to 5
Madison Middle School
Public - 6 to 8
Rosa Scott School
Public - 9
Madison Central High School
Public - 10 to 12
Rating
School
Distance
Madison Station Elementary School
PublicK to 5

Madison Middle School
Public6 to 8

Rosa Scott School
Public9

Madison Central High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 198 Lorman Lane, Madison, MS 39110

198 Lorman Lane is a single family home for sale in Madison, MS 39110. This property was listed for sale on January 13, 2026 by Woodward Real Estate, Inc, it's currently listed at $410,000. This listing's school district is Madison Co School Dist. Nearby schools include Madison Station Elementary School, Madison Middle School and Rosa Scott School. 198 Lorman Lane is a 3-bed, 2-bath, 2,271 sqft single family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Woodward Real Estate, Inc

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.