Both my basses were less than $700.
First was a parts bass, a GF j body, MM j neck, misc hardware, Fender WBW PG, and Bartolini 18v preamp and pickups (those together were about $200, plus $75 for a luthier to install them- did a great job used the backside of the body as a cover for the double battery box, even I have trouble seeing it and I know its there). Total or that one was about $500.
Pre-Barts.
My 1967 Epiphone Rivoli bought from a friend for $150, and after about a year the neck block needed to be replaced. Its a bolt on Japanese, which unconfirmed internet sources say didn't happen until a few years later. So either Epiphone's serial number database is wrong or the unconfirmed internet sources are. Anyway, Dan Erliwine replaced the neck block which a previous owner (before the guy I bought it from) had cut out and replaced with a piece of what he thought was oak. Did a poor job of it, and Dan had to use "$20 worth of epoxy" to glue in a proper piece of pine (or whatever). Labor on that totalled $150, so that bass cost me $300 total.
Both my current basses were about a hundred more than the OP's question.