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!
For sale
Price cut: $25K (6/12)
$1,325,000
116 Franklin Terrace, Tisbury, MA 02568
4beds
1,714sqft
Single Family Residence
Built in 1971
0.3 Acres Lot
$1,254,700 Zestimate®
$773/sqft
$-- HOA
What's special
Deck overlooking the yardBright updated kitchenWorkshop potentialSun-filled main levelCenter island
- 179 days |
- 521 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Pricila Ray 508-560-5132,
Keller Williams Realty
Source: CCIMLS,MLS#: 22600011
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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
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: 180 days
- Road surface type: Paved
Estimated market value
$1,254,700
$1.19M - $1.32M
$7,434/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Price change | $1,325,000-1.9%$773/sqft |
Source:  CCIMLS #22600011 Report a problem | ||
| 1/2/2026 | Listed for sale | $1,350,000+134.8%$788/sqft |
Source: MLS PIN #73464793 Report a problem | ||
| 9/3/2020 | Sold | $575,000+27.8%$335/sqft |
Source: LINK #37823 Report a problem | ||
| 2/8/2005 | Sold | $450,000$263/sqft |
Source: LINK #10839 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $125,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 02568
Nearby schools
GreatSchools rating
- 4/10Tisbury Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 6/10Martha's Vineyard Regional High SchoolGrades: 9-12Distance: 3 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Massachusetts
- Dukes County
- Tisbury
- 02568
- 116 Franklin Terrace
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