My goal for this build was to keep the price as low as possible while still out performing current consoles on modern games. After scouring the internet for the best deals combined with a few parts laying around the house I now have a HTPC that out performs current gen consoles. Every part except the CPU cooler and RAM are used parts in near mint condition. I am very pleased with the outcome of this build for the price.
The motherboard was purchased for 68.32 as a combo with a Celeron G1830 which I sold for 43.97.
The CPU cooler was purchased new from Newegg for $49.99 with a $20.00 rebate. (if you’re not going to be overclocking over 4.0 Ghz the stock cooler will most likely be fine.)
If you don't have spare HDDs lying around you can get a refurbished 500Gb for around $30.00.
PSUs are also not very expensive used either $15.00-$35.00
Used cases are very easy to find for next to nothing. (May not be pretty but they will get the job done)
So even if you don't have extra parts you can still find what you need and stay close to the $300 mark. All you need is a little bit of patience and resourcefulness and you can build PC as powerful or better with very little budget.
While I realize that I could have gone with a older chipset or an AMD chipset. I chose 1150 for better upgrading potential. I plan to upgrade in the future after I have built a custom case.
UPDATE: I have purchased another 4Gb HyperX stick of ram for 23.17 and a Corsair CSM 450W 80+ Gold Semi-Modular for 26.99 on Newegg. I also am preparing for the custom case for this build. I will post a new completed build when everything is finished.
Thanks to everyone for the feedback!