5050 N 2nd Street, Phoenix, AZ 85012 (MLS# 6660295)

Special Listing Cond: N/A

Add'l Property Use: None

Architecture: Other

Master Bathroom: 3/4 Bath Master Bdrm

Master Bedroom: Split; Upstairs

Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs

Fireplace Features: Other

Flooring: Carpet; Laminate; Tile; Wood

Spa: None

Community Features: Historic District; Near Bus Stop; Near Light Rail Stop

Dining Area: Formal; Breakfast Room

Kitchen Features: Range/Oven Elec; Electric Cooktop; Disposal; Refrigerator; Wall Oven(s); Pantry

Laundry: Washer Hookup

Basement Description: Finished; Partial

Other Rooms: Bonus/Game Room; Arizona Room/Lanai; Guest Qtrs-Sep Entrn; Separate Workshop

Interior Features: Roller Shields

Technology: Security System Owned

Exterior Features: Balcony; Built-in BBQ; Covered Patio(s); Gazebo; Patio; Separate Guest House; Storage

Parking Features: Direct Access; Garage Door Opener; Separate Strge Area

Construction: Adobe

Const - Finish: Painted

Roofing: Built-Up

Cooling: Central Air; Window/Wall Unit

Heating: Natural Gas

Plumbing: Gas Hot Water Heater

Utilities: APS; SW Gas

Water Source: City Water

Irrigation: Flood

Sewer: Sewer - Public

Fencing: Block

Property Description: Corner Lot; Nat Reg Historic Hms

Landscaping: Grass Front; Grass Back; Auto Timer H2O Back

Lockbox Type: None

Possession: Close of Escrow

Association Fee Incl: No Fees

Existing 1st Loan: Treat as Free&Clear

New Financing: Cash; VA; FHA; Conventional

Disclosures: Seller Discl Avail; Agency Discl Req

Other original items include: light fixtures, plumbing fixtures, white oak floors, doors, windows, wood beamed ceilings, Art Deco tile work, Art Deco terrazzo cement floors, stamped concrete floors, handcrafted stacked spiral metal banisters, appliances, cabinets, curtains, door and window hardware and the door bell chime. You will immediately be transported back in time to a gentler era when stepping into this estate. The pastel pink kitchen was remodeled in the 1950s and has Art Deco curved cabinets (which were built in part to accommodate a vision impaired child), a milk door w orig dial and baking station with inlaid pink marble. The 1950s appliances (stove, freezer, stove-top, meat grinder) are still functional and are reminders of the quality and craftsmanship of products made during this time. In addition to the immaculate kitchen, the main floor includes a living room, dining room, breakfast room w built-in cabinetry for silverware, laundry room w built-in laundry shoot and a bedroom with ensuite bath. Upstairs, there are four bedrooms (including the master) and two large bathrooms. Downstairs, there is a vast basement that is nearly the same size as the main floor. Most of the basement is finished (695 SF) and has a wood beamed ceiling, cozy fireplace with elegant plaster surround and stamped concrete floors. Options for this basement are plentiful...the finished portion can be used as a speakeasy, theater room, master, office or playroom. The unfinished portion, which is currently used as a wood shop/workroom/storage room, can easily be finished and converted into usable space, leaving room for your creativity and imagination. The lush front yard, which is flood irrigated, has a variety of fruit and nut trees. The backyard is an entertainer's dream and includes a charming, covered courtyard (formerly an AZ room) with restored cement terrazzo floors, a grass area and an extensive outdoor kitchen with a wood burning oven, 4 gas burners, a large, wood burning barbecue and serving area with caddies for food and beverages. An attached guest room/maid's quarter with a full bath (193 SF) rounds out the property. As the new owner of this estate, you will create a lasting legacy for your family and will be permanently tied to the history of Arizona. This estate gained admission to the National Register of Historic Places in 1996. Homes are placed on the National Register because of their historical significance or the property's great artistic value. According to Roger Brevoort, a local historian, this estate is "among the best examples of International style residential architecture in Phx." Properties placed on the National Register are protected from demolition or other adverse alterations through a special review process. They are also eligible to receive city incentives to assist w rehabilitation: 1. 35-45% reduction in real property taxes. The 2023 taxes for Lutfy Residence were $3,295. 2. 20% rehabilitation tax credit on federal income income taxes for certified historic building rehabilitation projects. See Document tabs- City of Phx Historic Properties FAQ and Tax Incentives for Historic Properties. The Extensive History of this Property is in the Documents tab under "Family and Property History". Main House= 5 bedrooms 3.5 bath 3,853 SF Bonus Room (Finished Basement)= 695 SF Guesthouse=1 bedroom 1 bath=193 SF Total Bedrooms with Guest house=6 bedrooms 4.5 baths Total Finished SF=4,741 SF (Main 3,853 SF + Basement 695 SF + Guesthouse 193 SF) Unfinished SF= 409 SF Basement This Property must be seen in person to fully appreciate it!