If there is any software involved it's even less of a machine that what could be considered as a reasonable server.
The Basic Server Chassis that i use here cost over $800.00 and that's without a Power Supply it's just the chassis.
But your problem here is that you are asking the wrong question as if you are even considering Web Hosting what Downtime can you accept?
You'll need a fairly big UPS that shuts down the computer when it's gets to a certain Battery level in a controlled fashion,. You'll also need a decent Internet Connection as well so that the Web Pages don't take forever to download or open on a remote computer. Then you'll need to consider Backup Hardware to run when the main Hardware needs to be taken Off Line for maintenance or worse still it fails.
As you'll be looking at Hosting Web Pages as well you'll need another means of storing backup's as you can not trust a HDD to do this reliably on a computer running 24/7/365 it's just too susceptible to attack & Failure to be considered as useful. However you may get way with a NAS device to perform Backups with it really depends on what form of Disaster you are planning for and how long you can afford to have the hardware down when something breaks.
As for a Server Board look at the Multi Processor M'Boards that accept the Multi Core Xeno's EEC RAM and possibly inbuilt RAID Arrays. Personally I've never had any joy with the AMD CPU's in servers so I steer clear of them as the downtime was too great. If you think of a High End Games Rig and make it about 10 times more powerful and through an outrageous amount of RAM into it you will be getting fairly close to a half way decent Server Platform and then use the Biggest HDD that you can get to setup a RAID 0 or 5 array depending on the amount of redundancy that you require.
You need to build in Redundancy at every level so a Redundant PS and LAN are just the starting points to look at.
http://preview.tinyurl.com/gmas3
Here is a Starting Point it's a M'Board that I use for High End Work Stations or Low End Servers though with the Server application they are run headless and when used in a Workstation they run much better Graphics Cards than the On Board Graphics that this comes standard with. You can fit 2 X 2 Core Xeon's and enough RAM to make it useful as a small File Server but anything more requires a more powerful machine to work with.
Col