Should we fix or not fix our home

[Bill Haines]

My wife and I own a 1060 sf 3bd 1.25ba bungalow home built in 1924 that my wife bought in 2007 before we met. The home was remodeled and sold to her for $68k. On the surface it looks nice, but everything about it is falling apart. The neighborhood is horrible. We owe $64k because we refinanced a few years ago. It's worth less. A realtor said if it was priced at $59k she could sell it. I'm guessing it needs at least $15k to fix. I doubt it would get $74k ARV. We had it listed this past 6 months with just a few showings. Should we put any money into it or just pay it down and try selling?