407 MADISON AVE

Las Vegas, Nevada, 89106

Tax DeedsoldSells Nov 1, 2026 · in 50 days

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Opening bid

$166,109

Assessed value

$24,500

Land $24,500Improvement $0

Market / AVM

$168,000

Taxes owed

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Parcel number: 139-27-210-022
Case number: —
Land use: Residential
Building: —
Acreage: 0.16
Lot size: 7,185 sqft
Year built: —
Owner of record: City Of Las Vegas
Last sale: $166,109 · 2026-05-26

Property facts enriched via realestateapi · 8/25/2026

Aerial view of 407 MADISON AVE — the parcel — Aerial imagery from the USGS National Map. Flown on a multi-year cycle — it shows the site as photographed, which may predate clearing, construction or demolition. Not evidence of current condition.

Aerial view of 407 MADISON AVE — what is around it — Aerial imagery from the USGS National Map. Flown on a multi-year cycle — it shows the site as photographed, which may predate clearing, construction or demolition. Not evidence of current condition.

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

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Clark County rules

Sale type: Tax Deed
Redemption: None once county trustee's deed issues (2-year delinquency threshold before that)
Return if redeemed: N/A — outright deed transfer
Statute: Nevada Revised Statutes Ch. 361

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Historical comps

No historical bucket for NV|Tax Deed

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Not all liens clear at auction — official FAQ states some governmental liens and other encumbrances may remain. FDIC-receivership liens are treated by FDIC as not extinguished. Federal tax liens can survive. Run full title/lien search before bidding.

Quiet title

Practically required for many insurers: prior-owner protest period (~2 years) often blocks clean title insurance until resolved; quiet title or extended waiting is common before resale.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

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Deal analysis

Your maximum bid

$99,502

Do not bid — the numbers do not clear your margin.

Opening bid $166,109

Room to bid -$66,607

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

Pass

History + oracle say stay out or wait — do not chase.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for NV|Tax Deed; suggestion uses oracle only.
Oracle says no-bid — suggestion is pass.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $168,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $168,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$13,440
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical NV range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical NV recording and deed issuance cost.: −$250
Holding costs (4 months)assumed Taxes, insurance, and securing the property at ~$252/month.: −$1,008
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$50,400
Maximum bid: $99,502

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE ASSESSMENT IS NOT A FRACTION OF MARKET VALUE. Nevada's 35% applies to taxable value, and NRS 361.227 builds taxable value for improvements from replacement cost less 1.5% per year of age, capped at fifty years. On an older house that is a construction-cost figure with three-quarters written off, not a sale price. Treat a derived Nevada ARV on improved property as a floor and override it with comparable sales; on vacant land, where taxable value is full cash value, the derivation is sound.
Nevada's 35% is applied to taxable value, which for improved property is not market value and is not trying to be. Improvements are valued at replacement cost less 1.5% a year of depreciation up to fifty years, so a fifty-year-old building is carried at a quarter of what it would cost to rebuild, regardless of what it would sell for. Dividing an assessment on an older improved parcel by 0.35 therefore returns something well below market — the safe direction, but wrong enough to make a sound deal look impossible. The distortion grows with the age of the structure and is absent on bare land, where taxable value is full cash value.
The opening bid of $166,109.26 is already above your ceiling of $99,502.

AI risk brief

Reads this parcel against ClarkCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.