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196 Lorman Ln; Madison, MS Property Details

196 Lorman Ln, Madison, MS is a Single Family that was built in 1975. This property is currently a cash purchase and is not for sale. Our records show that 196 Lorman Ln has 3 bedrooms, and 1 bathroom, and a total of 4,974 square feet. The lot size of 196 Lorman Ln is 24,983 square feet.

Off market
196 Lorman Ln Madison, MS 39110
$27,989 Estimated Value
3 Beds
1 Baths
4,974 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1975
  • Est. Equity / %: $474,000 / 100%
  • Gross Yield: 12.159%
  • APN: 071C-06A-055
  • Situs County: Madison
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Wood
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Quality: C
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Deck: true
  • Patio Type: Patio

Measurements

  • Total: 4,974/SqFt
  • Lot: 24,983/SqFt
  • Gross: 3,357/SqFt
  • Living: 3,900/SqFt
  • Building: 4,974/SqFt
  • Ground: 3,357/SqFt

Legal Description

  • Description: LOT 195 LAKE LORMAN PART 6 -102.2X245.7X20X77.3X261.9-
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Madison County School District
  • Lat / Lon: 32.48315 / -90.22703
  • Subdivision: Lake Lorman
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 1

Amenities

  • Plus Four: 7112
  • Bathroom Fixtures: 11
  • Cooling: Central
  • Fireplaces: 1

HOA

  • H O A One: $500
  • H O A Amount: $500
  • H O A One Frequency: Monthly
  • H O A One Type: Planned Unit Development

Ownership Info

196 Lorman Ln has no associated ownership info
196 Lorman Ln has no associated ownership info.

Taxes

196 Lorman Ln has 9 associated Taxes items

196 Lorman Ln, Madison, MS pays taxes in Madison County, MS. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $27,989. The APN we've located for 196 Lorman Ln is 071C-06A-055.

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Taxes
  • Assessed Value:  $27,989
  • Assessed Year:  2025
  • Assessed County:  Madison
  • APN:  071C-06A-055
  • Market Land Value:  50000
  • Tax Amount:  2619.25
  • Tax Year:  2025
  • Market Value:  279890
  • Market Year:  2025

Tax History

196 Lorman Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $27,989 Land Value Improvement Value Tax Amount $2,619.25 Change Rate +0.04465% Assessed CR Tax Rate +0.093581%
Year 2024 Assessed Value $27,989 Land Value Improvement Value Tax Amount $2,507.3 Change Rate Assessed CR Tax Rate +0.089582%
Year 2023 Assessed Value $27,989 Land Value Improvement Value Tax Amount $2,507.3 Change Rate +0.022837% Assessed CR Tax Rate +0.089582%
Year 2022 Assessed Value $27,989 Land Value Improvement Value Tax Amount $2,451.32 Change Rate +0.045883% Assessed CR Tax Rate +0.087582%
Year 2021 Assessed Value $26,895 Land Value Improvement Value Tax Amount $2,343.78 Change Rate Assessed CR Tax Rate +0.087146%
Year 2020 Assessed Value $26,895 Land Value Improvement Value Tax Amount $2,343.78 Change Rate +0.067135% Assessed CR Tax Rate +0.087146%
Year 2019 Assessed Value $25,395 Land Value Improvement Value Tax Amount $2,196.33 Change Rate Assessed CR Tax Rate +0.086487%
Year 2018 Assessed Value $25,395 Land Value Improvement Value Tax Amount $2,196.33 Change Rate +0.019903% Assessed CR Tax Rate +0.086487%
Year 2017 Assessed Value $24,959 Land Value Improvement Value Tax Amount $2,153.47 Change Rate +0.048489% Assessed CR Tax Rate +0.08628%
Year 2016 Assessed Value $24,959 Land Value Improvement Value Tax Amount $2,053.88 Change Rate Assessed CR Tax Rate +0.08229%
Year 2015 Assessed Value $24,959 Land Value Improvement Value Tax Amount $2,053.88 Change Rate +0.001424% Assessed CR Tax Rate +0.08229%
Year 2014 Assessed Value $24,928 Land Value Improvement Value Tax Amount $2,050.96 Change Rate Assessed CR Tax Rate +0.082275%