I've had several. A Stevens Model 325 in .30-30 (this rifle was the progenitor of the Savage line, and had a butter knife bolt handle)
a 340V in .225 Winchester, and currently a 90% Model 340B (mfd in 1953) in .222 Remington, which will shoot anything I put through it into an inch - or less - for five shots at 100 yards. These rifles, because of the split receiver bridge, require a side mount. Early guns were not drilled and tapped for a scope mount. They were, however, d/t'd for a receiver sight. I'd jump on that rifle for the money you mentioned. They've been largely overlooked (I paid $212 OTD for the .222 with an ick Tasco 3'X9 scope last summer - replaced with a Weaver K-10), but people are getting wise to the fact that these former "entry level" rifles are superior to a lot of the over-priced crap being foisted off on gun buyers today. If I can be of any further help, give a yell...
(They ARE kind of homely, but their looks do grow on you.)