You can do high-Ultra at 30+ fps with that range. This build does not include Windows, Keyboard,Mouse, or monitor.
If you want peripherals, that will not fit in this budget. Cooler Master has a Keyboard/Mouse combo for 30 USD that is very good for the price.
The case and power supply has room for upgrades. You CAN go to the 8350(20) if you want, since the mobo can support it.
PCPartPicker part list:
http://pcpartpicker.com/p/n9wqrH
Price breakdown by merchant: http://pcpartpicker.com/p/n9wqrH/by_merchant/
CPU: AMD FX-6300 3.5GHz 6-Core Processor ($119.99 @ Newegg)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($35.98 @ Newegg)
Motherboard: Gigabyte GA-990FXA-UD3 ATX AM3+ Motherboard ($108.78 @ NCIX US)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-2133 Memory ($82.62 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($60.46 @ NCIX US)
Video Card: XFX Radeon R9 270X 2GB Double Dissipation Video Card ($175.18 @ Newegg)
Case: NZXT Source 220 ATX Mid Tower Case ($44.99 @ TigerDirect)
Power Supply: EVGA SuperNOVA NEX 750W 80+ Bronze Certified Semi-Modular ATX Power Supply ($66.38 @ NCIX US)
Optical Drive: Asus DRW-24B3ST/BLK/G/AS DVD/CD Writer ($26.16 @ NCIX US)
Total: $726.45
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-08-12 13:06 EDT-0400