The 707 was and still is a great machine, they don't build them like that anymore.
I have one, that sadly is used today only for making digital to digital copies, it was replaced by an XA777-ESD (slightly modified) a couple of years ago.
The build quality is really nice, the disc drawer and transport are fast and smooth. My XA pales compared to the 707 in this regard.
If you are somewhat handy with a soldering iron, and are brave, there are some mods you can do to greatly improve it. I am talking about things such as upgrading the I/V and output op-amps with at least AD744's, adding pull down current sources or resistors, removing the FDNR filters, bypassing output caps and improving the analogue power supply filter and the decoupling caps. BUT you have to be aware of the pitfalls too, such as minimal antiliasing filtering, and DC offset at the output!
Practically speaking these days I would think that you should be able to scoop up a really nice D/A for a good price since the separate D/A fad has passed somewhat - many Audiophiles are moving over to SACD and DVD technologies.
One to look for is the last Assemblage top of the line model. It was tweaked out and was one of the last well engineered units available at a moderate price.