198 Lorman Lane, Madison, MS 39110 (MLS# 4135936)

198 Lorman Lane, Madison, MS 39110

$410,000

Property Type: Residential Bedrooms: 3 Square Footage: 2,271 Lot Size (sq. ft.): 58,806 Status: Closed

Current Price: $410,000 List Date: 1/13/2026 Last Modified: 2/07/2026

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.

More Information MLS# 4135936

Address and Location Information

Street Number: 198 Street Name: Lorman Street Suffix: Lane County: Madison State: MS Zip Code: 39110 Parcel Number: 071c-06a-057-00-00 Subdivision: Lake Lorman Directions to Property: Lakeshore Drive right on Lorman Lane Community Of: N/A

Listing Information

Status: Closed List Date: 2026-01-12 List Price: $410,000 Current Price: $382,500 Listing Service: Full Service

General Property Information

Property Sub Type: Single Family Residence New Construction: No Approx Lot Size Acres: 1.35 Approx H/C SqFt: 2271 SqFt Source: Appraiser List Price/SqFt: 180.54 Year Built: 1972 Year Built Source: Owner Carport Spaces: 2 Total Floors: 1 Bedrooms Total: 3 Bathrooms Full: 2 Fireplace: Yes Fireplaces Total: 2 Pool: No School District: Madison CO Dist Elementary School: Madison Station Elementary School 2: N/A Intermediate School: N/A Middle or Junior School: Madison County High School: Madison Central Home Warranty: No Accessibility Features: No

Tax and Financial Information

Tax Annual Amount: 552 Tax Year: 2024 Homestead Y/N: No Additional Exemptions Y/N: No Flood Insurance Required?: No Leasehold Y/N: No Association: Yes Association Fee: 750 Association Fee Frequency: Annually Covenants Y/N: Yes Legal Description: LOT 196 & 196-A LAKE LORMAN PART 6

Status Change Info

Contract Date/Pending Date: 2026-01-28 Closing Date: 2026-02-05 Sold Price/SqFt: 168.43

Workshop Features

Workshop: No

Waterfront Features

Waterfront: Yes

Barn Features

Barn: No

Horse Amenities

Horse Amenities: No

Showing Requirements

Showing: Show Any Time Lockbox Location: Carport Door

Attic Features

Attic: No

Basement Features

Basement: No

Property Features

Structure Type: House Architectural Style: Ranch Lot Features: Views; Wooded Levels: One Covenants And Restrictions: Architectural Review; Homeowner Association; Restrictive Covenants Association Fee Includes: Accounting/Legal; Insurance; Maintenance Grounds Interior Features: Bar; Built-in Features; Ceiling Fan(s); Natural Woodwork; Pantry; Storage; Vaulted Ceiling(s) Special Purpose Rooms: Family Room/Dining Combo; Living/Dining Combo Kitchen Features: Custom Cabinets; Kitchen/Family Room View Bathroom Features: 5 Foot Tub; Walk-In Shower Fireplace Features: Gas Log; Great Room; Masonry; Wood Burning Appliances: Cooktop; Disposal; Electric Oven Walls - Interior: Wood Flooring: Carpet; Laminate Window Features: Aluminum Frames Door Features: French Doors; Sliding Doors Laundry Features: In Kitchen Security Features: Smoke Detector(s) Cooling: Electric Heating: Central; Natural Gas Utilities: Electricity Connected; Natural Gas Available; Fiber to the House Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Conventional Roof: Architectural Shingles; Asphalt Shingle Patio And Porch Features: Deck Exterior Features: Private Yard Fencing: None Driveway Features: Concrete Drive Parking Features: Carport Community Features: Boating; Clubhouse; Fishing Waterfront Features: Boat Launch; Lake Front Water Heater: Natural Gas

Listing Office: Woodward Real Estate, Inc

Listing Agent: Barry Woodward

Last Updated: February - 07 - 2026