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Maggie Li

I'm Maggie Li, a Newton, MA real estate agent serving first-time buyers, luxury clients and sellers across Greater Boston in English & Mandarin. Let's find your home.

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  • 1229 Centre Street, Newton Centre, MA, USA
  • (774) 222-0952
  • lyx0402@gmail.com

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William Raveis

© 2026 Maggie Li. All rights reserved.
Equal Housing Opportunity. Information deemed reliable but not guaranteed.

  1. Home
  2. Listings
  3. 116 Franklin Ter, Tisbury, MA 02568
Active
230 Days on market
116 Franklin Ter Tisbury — Photo 1 of 38

116 Franklin Ter Tisbury — Photo 1 of 38

$1,350,000

116 Franklin Ter, Tisbury, MA 02568

Tisbury, MA 02568

Beds

4

Baths

3

SqFt

1,714

Style

Single Family

Built

1971

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!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$788/sqft
Local Avg (Tisbury)$1228/sqft
36% BelowMarket Average

* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Tisbury, MA.

Property Details

Financials

Original Price$1,350,000
Annual Taxes$6,921

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms7
FireplacesNone
FlooringWood, Tile, Vinyl / VCT
BasementFull, Interior Entry, Bulkhead, Concrete

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR10

Property & Lot

Acres0.3
SqFt Lot12,975
Lot FeaturesCleared, Level

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Microwave

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bathroom 1Bathroom 2
First
Living RoomDining RoomKitchenBedroom 3Bedroom 4Bathroom 3
Living Room
Lvl First

11.11 x 12.11

Dining Room
Lvl First

6.5 x 12.11

Kitchen
Lvl First

9.1 x 13.5

Master Bedroom
Lvl Second

14.1 x 23.3

Bedroom 2
Lvl Second

12.11 x 23.3

Bedroom 3
Lvl First

13.2 x 13.5

Bedroom 4
Lvl First

12.11 x 12.11

Bathroom 1
Lvl Second

3.11 x 10

Bathroom 2
Lvl Second

3.11 x 10

Bathroom 3
Lvl First

5.5 x 9.7

Population

9,412

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$115K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

21.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Dukes County

164 housing units permitted in the last 12 months (+80% vs the prior 12 months) — 35 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 857 sq ft (the lesser of 900 sq ft or half the 1,714 sq ft principal dwelling). Lot size: 12,975 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Tisbury, MA market report ZIP 02568 market data
Listing Provided By

Listing Agent: Pricila Ray

Listing Office: Keller Williams Realty

MLS® Number: 73464793

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