Budget- $425-450
Resolution- i dont know
Games / Settings Desired- WoW on mid to high, with no lag and short load times.
Any other intensive software or special things you do (Frequent video encoding, 3D modeling, etc)- no, just school work
Country- USA BABY
Parts that can be reused- none
Do you need an OS?- yes
Do you need peripherals (e.g. monitor, mouse, keyboard, speakers, etc)?- a monitor/speakers
Not possible, double your budget and then you might be on to something. Thats why noone answered you so far, "not sure if serious". Also multiple threads won't give you more help.
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This is like the minimum i would ever reckon as a "gaming" rig, without o/s and speakers: