I'm surprised that no one is willing to take advantage of this opportunity. Especially with all the new bitcoin millionaire's. This is a great chance to own an income property that will pay its self off in 5.5 years. You will have a house with $50,000+ equity and a residual monthly income.
Take a look at what's being auctioned off in the other threads; most are things that are looking at pay offs in months, not years.
I like the idea, though, and wish you all the best. A year ago, I might have bitten. If I had, I would be kicking myself now for trading thousands of Bitcoins for a mere house. If someone bites now, they may be looking back a year from now and wonder why the hell they wasted 50 Bitcoins on a house :-)
.b
I'm still kicking myself for buying a BFL single for 100 bitcoins only to get it a couple months ago and see it only have the potential for 9-12 coins. However clearly I made my fiat back. Investments are just that investments. It is always good to diversify. Having real estate in your portfolio is great.