+1 for a used 700 in .223. for that money you should be able to find something in an aluminum bedded stock too.
My SPS varmint ran under $800 new and I picked up a used HS precision stock for around $300. My only complaint about my 700 is I wish I had detachable magazines instead of the hinged floorplate. There are options both OE and aftermatket that, as i have recently learned, range greatly in cost and quality. I'm waiting for my "cheap" mag conversion to arrive right now (under $200)
With almost no experience shooting compared to others around here, I will say that by the time i finished sighting in my 700 i was shooting through the same hole @50m fwiw. Lots of cheaper options too, but 700s rock.