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This would be better if you can push your budget up a bit:

PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4440 3.1GHz Quad-Core Processor ($179.99 @ Amazon)
Motherboard: ASRock Z97 Anniversary ATX LGA1150 Motherboard ($93.99 @ SuperBiiz)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($82.99 @ Newegg)
Storage: Toshiba 2TB 3.5" 7200RPM Internal Hard Drive ($79.99 @ Newegg)
Video Card: XFX Radeon R9 280 3GB Double Dissipation Video Card ($184.99 @ Amazon)
Case: Cooler Master HAF 932 Blue ATX Full Tower Case ($99.99 @ Newegg)
Power Supply: EVGA 750W 80+ Bronze Certified Semi-Modular ATX Power Supply ($89.99 @ NCIX US)
Total: $811.93
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-11-03 20:28 EST-0500
 


Drop the Z97 board and 750w PSU
 


No reason to drop the Z97 board. You aren't going to find a quality board much cheaper.

Yes, the 750W could be dropped down to a Seasonic M12II 520W, but even that will only save ~$30.
 
PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i3-4160 3.6GHz Dual-Core Processor ($119.99 @ Newegg)
Motherboard: ASRock H97 PRO4 ATX LGA1150 Motherboard ($88.98 @ SuperBiiz)
Memory: Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory ($76.99 @ Newegg)
Storage: Samsung 840 EVO 120GB 2.5" Solid State Drive ($76.99 @ Best Buy)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($54.98 @ OutletPC)
Video Card: MSI GeForce GTX 760 2GB TWIN FROZR Video Card ($179.99 @ Newegg)
Case: Rosewill R5 (Black) ATX Mid Tower Case ($69.99 @ Amazon)
Power Supply: SeaSonic 620W 80+ Bronze Certified Fully-Modular ATX Power Supply ($84.99 @ SuperBiiz)
Total: $752.90
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-11-03 20:59 EST-0500

I would go with these.
 
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