No way to get the quality at that cost-- my buddy recently paid $2850 new for a 300wm- Elevation-- it shoots lights out and he loves it.
Break down the parts/components
-Proof Stock $700
-Proof Barrel (prefit) $850
-Big Horn Action $950
-TT trigger $150
-Bottom Metal $150
That doesn't include the cost of any gunsmithing-- bedding, chambering, threading, painting the stock, etc
I was thinking the same thing. I was looking at a 7 Rem Mag for the same money and did the same math you just displayed quickly and thought it was a fair deal. Unless you have a heckuva gunsmith that doesn't charge a bunch. I liked the 7 Rem since it comes with a 1-8.4" barrel which is pretty damned cool in my book for a factory gun.