NOT LISTED FOR SALE

106 Ailey Brook Way Unit 100 Wake Forest, NC 27587

Estimated Value: $3,935,465

2 Beds
2.5 Baths
1,525 Sq Ft
$275/mo HOA Fee

Last Sold January 17, 2025

Last sale price $320,000 $210 Per Sq Ft

Est. 1,130% increase in value since last sale

Current estimated payment $26,085/month

60 Days on Market

Highlights

  • New Construction
  • Transitional Architecture
  • Quartz Countertops
  • Richland Creek Elementary School Rated A-
  • High Ceiling
  • Home Office

About This Home

As of January 2025

New stunning townhome-style condo with garage, located in downtown Wake Forest! Enjoy the ultra-convenient lifestyle with the low maintenance of condo ownership without sacrificing the space. The Tessa offers an open floorplan on 2 perfectly laid out levels that are built for the way you want to live! The kitchen is open to the dining area with a spacious island perfect for any chef or avid entertainer. Once on the second floor the wide hall will lead you to a generous sized second bedroom and a STUDY with a Primary suite that is larger than most townhomes with not one, but two sizeable walk-in closets. No need to worry about wasting your Saturday away mowing and mulching those flower beds. Don't miss the opportunity to live in one of our most popular, new, and innovative floorplans right in the heart of downtown Wake Forest located on White/Main street!

Last Listed By

Jolene Johnson

SM North Carolina Brokerage License #254251 Listed on: 10/01/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,904

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 3.04

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Private Driveway
  • 1 Open Parking Space

Home Design

  • Transitional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,525 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Family Room
  • Combination Kitchen and Dining Room
  • Home Office

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Private Water Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Electric Dryer Hookup

Schools

  • Wake County Schools Elementary And Middle School
  • Wake County Schools High School

Utilities

  • Cooling Available
  • No Heating
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Balcony

Community Details

  • Association fees include insurance, ground maintenance, maintenance structure, sewer, storm water maintenance, water
  • Ppm Association, Phone Number (919) 848-4911
  • Built by Stanley Martin Homes, LLC
  • Magnolia Trace Subdivision, Tessa Floorplan

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 1841524174

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,904

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$275 per month

Parking

1

Listing Details

  • Builder Name: Stanley Martin Homes, LLC
  • Builder Model: Tessa
  • Year Built: 2024
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Storm Water Maintenance, Water
  • Subdivision Name: Magnolia Trace
  • Above Grade Finished Sq Ft: 1525.0
  • Architectural Style: Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Thermostat
  • Effective Year Built: 2024
  • General Property Information Lot Size Dimensions: See Recorded Plat
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Architectural Style Transitional: Yes
  • Flooring Luxury Vinyl: Yes
  • Foundation Details Slab: Yes
  • Interior Features BathtubShower Combination: Yes
  • Interior Features KitchenDining Room Combination: Yes
  • Interior Features Water Closet: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2024-12-20
  • Cooling:Electric: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Interior Features Smooth Ceilings: Yes
  • Levels Two: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Second
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Second
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Upper Level: Yes
  • General Property Information Association Phone: 9198484911
  • General Property Information Enhanced Accessible2: No
  • Heating None12: Yes
  • General Property Information Above Grade Finished Area: 1525.0
  • Roof Architectural Shingle: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Year Renovated: 2024

Interior Features

  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Double Vanity, Eat-in Kitchen, High Ceilings, Kitchen/Dining Room Combination, Pantry, Quartz Counters, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Walk-In Shower: Yes
  • Community Features:Street Lights: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Quartz Counters: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Community Features:Sidewalks: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Balcony
  • Home Warranty: Yes
  • Construction Type: Brick, Fiber Cement
  • Foundation Details: Slab
  • Construction Materials:Fiber Cement: Yes
  • Construction Materials:Brick: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Rear
  • Total Parking Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Faces Rear: Yes
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 2.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 1.0

Utilities

  • Heating: None
  • Cooling: Electric
  • Cooling Y N: Yes
  • HeatingYN: No
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association Fee: 275.0
  • Association Fee Frequency: Monthly
  • Association Name: PPM
  • Phone: 919-848-4911
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: PPM
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Insurance2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 275.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Wake County Schools
  • Middle Or Junior School: Wake County Schools

Lot Info

  • Lot Dimensions: See Recorded Plat
  • Parcel #: 1841524174

Green Features

  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Wake County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2025
Sold by
Fink Diane E
Bought by
Kdm Real Estate Llc
Total Days on Market
60
Current Estimated Value
$3,935,465

Purchase Details

Listed on
Oct 1, 2024
Closed on
Jan 17, 2025
Sold by
Stanley Martin Homes Llc
Bought by
Culbreth Anthony Scott and Singer Culbreth Keisha
Seller's Agent
Jolene Johnson
SM North Carolina Brokerage
Buyer's Agent
Drew Culbreth
Golden Realty
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
572814.64%
Original Mortgage
$272,000
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2024
Closed on
Jan 15, 2025
Sold by
Stanley Martin Homes Llc
Bought by
Page Jay Arthur and Freeman Linda Paige
Seller's Agent
Jolene Johnson
SM North Carolina Brokerage
Buyer's Agent
Drew Culbreth
Golden Realty
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 1, 2024
Closed on
Jan 14, 2025
Sold by
Stanley Martin Homes Llc
Bought by
Nguyen John Viet and Nguyen Su
Seller's Agent
Jolene Johnson
SM North Carolina Brokerage
Buyer's Agent
Drew Culbreth
Golden Realty
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2022
Sold by
Burke Investor Ii Llc
Bought by
Agnc Ventures I Llc

Purchase Details

Closed on
Feb 8, 2022
Sold by
Wake Forest Developers Ii Llc
Bought by
Burke Investor Ii Llc

Purchase Details

Closed on
Nov 8, 2012
Sold by
Evanston Horner Llc
Bought by
Wake Forest Developers Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 11, 2005
Sold by
Bajo Llc
Bought by
Evanston Horner Llc

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kdm Real Estate Llc -- None Listed On Document
Kdm Real Estate Llc -- None Listed On Document
Culbreth Anthony Scott $450,000 None Listed On Document
Fink Diane E $320,000 None Listed On Document
Culbreth Anthony Scott $450,000 None Listed On Document
Fink Diane E $320,000 None Listed On Document
Page Jay Arthur $395,000 None Listed On Document
Page Jay Arthur $395,000 None Listed On Document
Nguyen John Viet $360,500 None Listed On Document
Agnc Ventures I Llc $750,000 None Listed On Document
Burke Investor Ii Llc -- None Listed On Document
Streetsmart Holdings Llc -- None Listed On Document
Wake Forest Developers Ii Llc -- None Available
Evanston Horner Llc $2,235,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fink Diane E $272,000
Previous Owner Culbreth Anthony Scott $405,000
Previous Owner Wake Forest Developers Ii Llc $1,310,000
Previous Owner Wake Forest Developers Ii Llc $160,000
Previous Owner Wake Forest Developers Ii Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $320,000 -1.5% $210 / Sq Ft
11/30/2024 11/30/24 Pending -- -- --
11/22/2024 11/22/24 Price Changed $325,000 +1.6% $213 / Sq Ft
11/19/2024 11/19/24 Price Changed $320,000 -5.9% $210 / Sq Ft
10/24/2024 10/24/24 For Sale $340,000 0.0% $223 / Sq Ft
10/19/2024 10/19/24 Off Market $340,000 -- --
10/01/2024 10/01/24 For Sale $340,000 -- $223 / Sq Ft
Source: Doorify MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $47,904 $4,355,868 $1,430,158 $2,925,710
2023 $27,895 $2,142,476 $1,215,324 $927,152
2022 $26,877 $2,142,476 $1,215,324 $927,152
2021 $26,460 $2,142,476 $1,215,324 $927,152
2020 $26,460 $2,142,476 $1,215,324 $927,152
2019 $25,735 $1,863,904 $1,077,587 $786,317
2018 $24,499 $1,863,904 $1,077,587 $786,317
2017 $23,765 $1,863,904 $1,077,587 $786,317
2016 $23,495 $1,863,904 $1,077,587 $786,317
2015 $24,192 $1,898,148 $1,080,288 $817,860
2014 -- $1,898,148 $1,080,288 $817,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10055760

Doorify MLS

APN: 1841.19-52-4174-000