you should be able to find a high quality frame in good shape for 150-200 bucks, I recommend the Japanese made frames, they are very high quality and will generally have fender eyelets (you live in Seattle, you understand) and they are usually ISO threading so you won't have fit issues.
Are you confident that you can evaluate a frame for damage before buying it ? What size are you looking for ?
Mark Petry
Bainbridge Island, WA USA