Landmark hotel goes on auction block

GREENE – Greene’s historic Sherwood Inn was auctioned off to the highest bidder on the steps of the Chenango County Courthouse Tuesday for $350,000.

The one and only bidder for the landmark property was the National Bank of Delaware County in Walton, the lending institution which commenced the foreclosure proceedings almost a year ago.

Richard Bryden, the bank’s senior vice president, explained that the bid was placed in order “to protect [the bank’s] interest in the property.”

Interested parties still have a chance to purchase the bid, and therefor the property, for as little as $1 over the accepted bid of $350,000. While this amount will cover back taxes on the premises, said Bryden, it is still well below the property’s assessed value of over $400,000.

Included with the historic property are all of the Inn’s furniture and fixtures.

According to Bryden, the bid will remain open for the next few days, but will be closed by the end of the month to avoid the accrual of further tax penalties.