I believe the Singer Quantum Futura CE-250 or 350 will come in at your price range and it will do both. I have the older model CE-200 and I know it does both very well and an older one would definitely be under your budget. My only problem with it is the small "throat" space. Don't even think about trying to roll up a quilt in it. You could do a quilt as you go method, though.