The small community of Lutz is located in Hillsborough County just 15 miles north of Tampa. Rated as one of the 100 best places to live in the United States by MSN.com, this small community encompasses only 23.5 square miles. With a large assortment of single-family homes and condominiums, real estate values start at around $100,000 and go up to more than $1 million.
Average price per square foot for Lutz FL was $97, a decrease of 6.7% compared to the same period last year. The median sales price for homes in Lutz FL for Nov 09 to Jan 10 was $174,000 based on 153 home sales. Compared to the same period one year ago, the median home sales price decreased 16.3%, or $34,000, and the number of home sales increased 37.8%.
There are currently 642 resale and new homes in Lutz on Trulia, including 280 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Lutz FL was $402,605 for the week ending Feb 24, which represents an increase of 1.9%, or $7,641, compared to the prior week.
ÂLutz began with the construction of a small train depot on the Tampa Northern Railroad which carried materials from Tampa to Brooksville. It was named as â€œLutz Stationâ€ by William Paul Lutz, an engineer on the Tampa Northern Railroad. The area surrounding the depot officially became known as Lutz when the U.S. Postal Service authorized a post office. The first post office was a 7-square-foot building on a lot south of the depot. George Sibthorpe, the first postmaster of Lutz, moved the post office to his realty office. In 1914, the post office was again moved to inside the train depot. As people moved to the rural community from Tampa, the Lutz area continued to grow until it no longer depended on the â€œLutz Junctionâ€, which was demolished in the late 1960s. In 2000, a replica of the depot was rebuilt in the approximate location, which is now at the intersection of Lutz-Lake Fern Rd. and US Highway 41. The post officeâ€™s structure is still in the same place today, although it is now an art gallery. A public library is located behind the train depot replica. This area is known as â€œBeautiful Downtown Lutzâ€.