Considering the Challenger's encounter with the A380's wake, it took 1-2 minutes for the Challenger to hit the wake, so the wake probably had 1-3 minutes to make the 1000-foot descent. That very roughly fits the expected "several hundred feet per minute" descent rate.
Considering the case of refueling, the wake's motion downward is much slower than the aircrafts' horizontal motion, so it wouldn't have descended much by the time it's left behind entirely.
[1] Available for free at https://www.faa.gov/regulations_policies/handbooks_manuals/a...