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For sale
    • Price cut: $25K (6/12)
    $1,325,000

    116 Franklin Terrace, Tisbury, MA 02568

    4beds
    1,714sqft
    : 
    $7,444/mo
    Get pre-qualified
    Single Family Residence
    Built in 1971
    0.3 Acres Lot
    $1,257,000 Zestimate®
    $773/sqft
    $-- HOA

    What's special

    Deck overlooking the yardBright updated kitchenWorkshop potentialSun-filled main levelCenter island
    Nestled on a quiet street just moments from the heart of Vineyard Haven, this well-maintained 4 BR, 3 BA home offers a winning blend of comfort, privacy, and classic island appeal. The sun-filled main level features an open-concept living area flowing seamlessly into a bright, updated kitchen with center island, ideal for everyday living and casual entertaining. Two 1st floor bedrooms and a full bath provide excellent flexibility for guests, home office space, or convenient one-level living, while upstairs offers two spacious en-suite bedrooms designed for privacy and relaxation. Outdoor living shines with a deck overlooking the yard, plus a lower-level bonus with laundry, storage, and workshop potential. Peacefully set yet close to it all, enjoy easy access to public beaches, Tisbury School, and just 0.5 miles to Main Street Vineyard Haven with shops, dining, and ferry access. Perfect as a year-round residence, second home, or investment opportunity--this property checks all the boxes!
    225 days
    |
    522
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Pricila Ray 508-560-5132,

    Keller Williams Realty

    Source: CCIMLS,MLS#: 22600011MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: Second
      • Area: 344.88
      • Dimensions: 14.83 x 23.25
      Bedroom 2
      • Features: Bedroom 2
      • Level: Second
      • Area: 300.31
      • Dimensions: 12.92 x 23.25
      Bedroom 3
      • Features: Bedroom 3
      • Level: First
      • Area: 176.65
      • Dimensions: 13.17 x 13.42
      Bedroom 4
      • Features: Bedroom 4
      • Level: First
      • Area: 166.84
      • Dimensions: 12.92 x 12.92
      Dining room
      • Features: Dining Room
      • Level: First
      • Area: 82.88
      • Dimensions: 6.42 x 12.92
      Kitchen
      • Features: Kitchen
      • Level: First
      • Area: 131.93
      • Dimensions: 9.83 x 13.42
      Living room
      • Features: Living Room
      • Level: First
      • Area: 153.92
      • Dimensions: 11.92 x 12.92
      Heating
      • Hot Water
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Dishwasher, Electric Range, Microwave, Electric Water Heater
      Features
      • Flooring: Vinyl, Tile, Wood
      • Basement: Bulkhead Access,Interior Entry,Full
      • Has fireplace: No
      Interior area
      • Total structure area: 1,714
      • Total interior livable area: 1,714 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Deck, Porch
      • Exterior features: Garden
      Lot
      • Size: 0.3 Acres
      • Features: Conservation Area, School, Medical Facility, Shopping, Marina
      Details
      • Parcel number: TISB M:0026D B:00000 L:09.10
      • Zoning: R10
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod
      • Property subtype: Single Family Residence
      Materials
      • Shingle Siding
      • Foundation: Concrete Perimeter, Poured
      • Roof: Asphalt, Pitched
      Condition
      • Updated/Remodeled, Actual
      • New construction: No
      • Year built: 1971

      Utilities & green energy

      • Sewer: Septic Tank, Septic Tank

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Tisbury

      Financial & listing details

      • Price per square foot: $773/sqft
      • Tax assessed value: $783,600
      • Annual tax amount: $6,253
      • Date on market: 1/2/2026
      • Cumulative days on market: 226 days
      • Road surface type: Paved

        Estimated market value

        $1,257,000

        $1.19M - $1.32M

        $6,547/mo

        Price history

        DateEventPrice
        6/12/2026Price change$1,325,000-1.9%$773/sqft
        Source: CCIMLS #22600011 Report a problem
        1/2/2026Listed for sale$1,350,000+134.8%$788/sqft
        Source: MLS PIN #73464793 Report a problem
        9/3/2020Sold$575,000+27.8%$335/sqft
        Source: LINK #37823 Report a problem
        2/8/2005Sold$450,000$263/sqft
        Source: LINK #10839 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,921 +10.7%$914,300 +16.7%
        2024$6,253 +8.3%$783,600 -0.7%
        2023$5,776 +10.1%$789,100 +30.8%
        2022$5,248 +12.9%$603,200 +19%
        2021$4,650 +4.3%$507,100 +6.1%
        2020$4,458 +1.8%$477,800
        2019$4,381 +12.2%$477,800 +15.6%
        2018$3,906 -0.3%$413,300 -3.9%
        2017$3,918 +3.7%$430,100 +4.2%
        2016$3,779 +12.2%$412,600 +9.3%
        2015$3,367 +6%$377,500 -0.3%
        2014$3,176 0%$378,600 +1.1%
        2013$3,177 +5.9%$374,600
        2012$3,001 +0.8%$374,600 -5.4%
        2011$2,977 +5.9%$395,900 -7.5%
        2010$2,811 +0.8%$427,900 -8.3%
        2009$2,790 +3.8%$466,600 -4.7%
        2008$2,687 +7.5%$489,400 +10.3%
        2007$2,499 +11.1%$443,900 +2.6%
        2006$2,250 +7.6%$432,700 +21.3%
        2005$2,091 +24.3%$356,800 +183.6%
        2000$1,682 $125,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 02568

        Getting around

        34 / 100
        Car-Dependent
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Martha's Vineyard

        Source: CCIMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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