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Exterior
Other
View/Area
Kitchen
Living
Bath

198 Lorman Ln, Madison, MS 39110

$410,000
Last sold 01/28/2026 after 16 Days
3
bed
2
bath
2,271
Sqft ($181/Sqft)

House not for sale

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About 198 Lorman Ln

Property type House

Year built 1972

HOA fee $63/month

Lot size 1.35 Acre

Rental estimate

Property 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 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.

Listed by

Listing Agent - Barry D Woodward

Listing Office - Woodward Real Estate, Inc

Source: MLS United

MLS#4135936 • last updated 6 months ago

Movoto checked MLS United for data 9 minutes ago

Overview
Cooling/AC	Electric
Heating	Central, Natural Gas
Levels/Style	One, Ranch, House
MLS #	4135936
Virtual Tour	N/A
SubType	Single Family Residence
SqFt	2271
Status	Closed
Lot Size (Acres)	1.35
Lot Size (SqFt)	58806
Property Tax	552
HOA Fee	750, Annually
Year Built	1972

Interior
Total # of Bathrooms	2
# of Full Baths	2
Total # of Bedrooms	3
Laundry	In Kitchen
Flooring	Carpet, Laminate
Interior Features	Bar, Built-in Features, Ceiling Fan(s), Natural Woodwork, Pantry, Storage, Vaulted Ceiling(s)
Fireplace	Gas Log, Great Room, Masonry, Wood Burning
Appliances	Cooktop, Disposal

Exterior
Foundation	Slab
Roof	Architectural Shingles, Asphalt Shingle
Construction	Brick
Parking	Carport, Concrete
# Carport Spaces	2
Patio/Porch	Deck
Fencing	None
Exterior Features	Private Yard
Lot Features	Views, Wooded

Amenities / Utilities
Water Source	Public
HOA Fee Includes	Accounting/Legal, Insurance, Maintenance Grounds
Security Features	Smoke Detector(s)

Location
Waterfront	Boat Launch, Lake Front
County	Madison
Subdivision	Lake Lorman
Community Features	Boating, Clubhouse, Fishing
Elementary School	Madison Station
Middle School	Madison County
High School	Madison Central
APN	071c-06a-057-00-00
Directions	Lakeshore Drive Right On Lorman Lane

Rental est.: $2,423/month

• Gross rent multiplier: 14.1

Lower your payment with the loan terms that fit you.

Feb 2026
MLS # 4135936
Feb 7, 2026 Pending
—
Jan 12, 2026 Listed
$410,000

Year Property taxes Tax assessment
2024
$552

$15,512
2023
$552 +2.0%

$15,512
2022
$541

$15,512 +2.67%
2021
$541

$15,108
2020
$541

$15,108
2019
$541

$15,108 +16.14%
2018
$541 +7.4%

$13,008 +1.27%
2016
$504

$12,845
2015
$504

—

198 Lorman Ln
$410K
—
39110
$469K +1% y/y
Madison
$469K +1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
196 Lorman Ln, Madison, MS 39110	$823,000	—/—	4,974	0.02
194 Lorman Ln, Madison, MS 39110	$483,000	—/—	2,330	0.04
197 Lorman Ln, Madison, MS 39110	$312,000	3/2	1,811	0.05
193 Lorman Ln, Madison, MS 39110	$399,000	4/2	2,417	0.05
192 Lorman Ln, Madison, MS 39110	$316,000	—/—	1,819	0.07
186 Lorman Ln, Madison, MS 39110	$353,000	—/—	2,044	0.1
187 Lorman Ln, Madison, MS 39110	$356,000	—/—	2,073	0.11
184 Lorman Ln, Madison, MS 39110	$367,000	—/—	2,408	0.13

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.