For that money, I have a Stoeger M2000 transformer (It came with regular and pistol grip stocks plus both 26" and 21" barrels for $400) plus I picked up an extension tube from flatland forge ($75) and a tube mount light rail from a bargain bin ($5).
I have TWO of those setups in the safe--neither one is mine

But my two sons are set up pretty decent

But I have NEVER seen a Stoeger sell for list price. The street price for that should be fair.