$360,000
NEW CONSTRUCTION $1K PRICE DROP

101 Ailey Brook Way Unit 100 Wake Forest, NC 27587

Estimated payment $2,644/month

Total Views 4,134
2 Beds
2.5 Baths
1,524 Sq Ft
$236 Price per Sq Ft

Highlights

  • New Construction
  • City View
  • Transitional Architecture
  • Richland Creek Elementary School Rated A-
  • Deck
  • Bonus Room

About This Home

Last End Unit Tessa in second building! Sitting right on community greenspace! Spectacular views of Downtown Wake Forest from your private loft! Best price and location in Wake Forest, watch your equity skyrocket. Limited inventory, secure yours now before it is gone forever! Welcome to The Tessa, a home where modern design creates the perfect balance for relaxing and entertaining. The 1-car, rear-load garage comes with storage areas, making it quick and easy to get in and out of your vehicle during inclement weather. It also offers a convenient way to keep your sports equipment, tools, and other items organized and easily accessible.

The welcoming family room, just off the entryway, opens up to the breakfast area and an open-concept kitchen, creating a spacious main level living area where friends and family can mingle and enjoy each other's company.

On the upper level, you'll find a large primary suite with an attached private bathroom and two walk-in closets, providing ample space for all your belongings. The additional bedroom, private loft with balcony, and a full hall bathroom makes for plenty of space for everyone to spread out.

The photos shown are from a similar home. Contact the Neighborhood Sales Manager today.

Listing Agent

Jolene Johnson

SM North Carolina Brokerage License #254251

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,904

Year Built

  • Built in 2025 | New Construction

Lot Details

  • End Unit
  • Southwest Facing Home

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

  • Home is estimated to be completed on 5/15/25
  • Transitional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Radon Mitigation System

Interior Spaces

  • 1,524 Sq Ft Home
  • 2-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Family Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • City Views
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Built-In Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

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
  • Washer and Electric Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 0065443

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,904

Year Built

Built in 2025 | 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: 2025
  • Prop. Type: Residential
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Storm Water Maintenance, Trash, Water
  • Subdivision Name: Magnolia Trace
  • Above Grade Finished Sq Ft: 1524.0
  • Architectural Style: Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Thermostat
  • Effective Year Built: 2025
  • General Property Information Lot Size Dimensions: 0 x 0
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • Appliances Microwave: Yes
  • Wall Oven: 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: 2025-05-15
  • 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 Bonus Room: Yes
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: Second
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Upper Level: Yes
  • General Property Information Association Phone: 9198484911
  • Attic Features Scuttle: Yes
  • Common Walls End Unit: Yes
  • General Property Information Enhanced Accessible2: No
  • Interior Features Radon Mitigation: Yes
  • General Property Information Above Grade Finished Area: 1524.0
  • Laundry Features Washer Hookup: Yes
  • Roof Architectural Shingle: Yes
  • General Property Information Stories2: 2
  • Special Features: 4098
  • Property Sub Type: Condos
  • Stories: 2
  • Year Renovated: 2025

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, Radon Mitigation, Smooth Ceilings, Walk-In Closet(s), Walk-In Shower, Water Closet
  • Appliances: Built-In Electric Oven, Convection Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • 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 Cooktop: Yes
  • Appliances:Convection Oven: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Appliances:Vented Exhaust Fan: Yes
  • Appliances:Built-In Electric Oven: Yes

Exterior Features

  • Roof: Architectural Shingle
  • Exterior Features: Balcony
  • Home Warranty: Yes
  • Common Walls: End Unit
  • Construction Type: Brick, Fiber Cement
  • Direction Faces: Southwest
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Construction Materials:Fiber Cement: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Brick: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:City Lot: Yes
  • View:City3: 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: Electric
  • Cooling: Electric, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: 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:Trash2: Yes
  • Association Fee Includes:Water2: Yes
  • Association Fee Includes:Sewer: Yes
  • Association Amenities:Landscaping: 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: 0 x 0
  • Parcel #: 0065443

Green Features

  • Green Energy Efficient:Thermostat: Yes

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Wake County Schools

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Price Changed $360,000 +1.0% $236 / Sq Ft
03/13/2025 03/13/25 Price Changed $356,490 -1.4% $234 / Sq Ft
01/26/2025 01/26/25 For Sale $361,490 -- $237 / Sq Ft
Source: Doorify MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Special Warranty Deed $450,000 None Listed On Document
Special Warranty Deed $320,000 None Listed On Document
Special Warranty Deed $450,000 None Listed On Document
Special Warranty Deed $320,000 None Listed On Document
Special Warranty Deed $395,000 None Listed On Document
Special Warranty Deed $395,000 None Listed On Document
Special Warranty Deed $360,500 None Listed On Document
Warranty Deed $750,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Warranty Deed $2,235,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $272,000 New Conventional
Previous Owner $405,000 New Conventional
Previous Owner $1,310,000 Future Advance Clause Open End Mortgage
Previous Owner $160,000 Commercial
Previous Owner $400,000 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: Doorify MLS

MLS Number: 10072897

Doorify MLS

APN: 1841.19-52-4174-000