Thinking about a new, lower end CD Player

My current CD player is a basic, older Sony, probably 10-12 years old. Works fine but I could use it in another location with a lower end system. It seems to sound about as good as my Arcam CD92 that lost its DAC a while back.

So now thinking about buying a new CDP and have a couple of questions.

I’d like to keep this in the $300-500 range for units with internal DAC. Not looking for SACD player. Other than a remote, not looking for special features or multi disk players.

I’m guessing that in this price range SQ is probably comparable to other units in that range.

First, is a CDP in this price range going to sound any better than the old Sony?
Second, if not, is there any reason not to just buy a comparable $200 unit?
Third, for units in this price range ($300-500) is there any reason to look for one with balanced output capability and if so, is there any way to know if it is truly balanced.

Thanks all,

George