First time builder, look over the parts list I've compiled?

I don't know your total budget but I assume its $800 so here's my recommendation
PCPartPicker part list / Price breakdown by merchant

CPU: AMD FX-8350 4.0GHz 8-Core Processor ($174.99 @ NCIX US)
Motherboard: ASRock 970 Extreme3 R2.0 ATX AM3+ Motherboard ($64.99 @ Newegg)
Memory: Avexir Core series 8GB (2 x 4GB) DDR3-1600 Memory ($68.99 @ Newegg)
Storage: Samsung 840 EVO 120GB 2.5" Solid State Drive ($79.00 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($54.98 @ OutletPC)
Video Card: Sapphire Radeon R9 270 2GB Dual-X Video Card ($149.99 @ Newegg)
Case: NZXT Phantom 410 (White) ATX Mid Tower Case ($69.99 @ Newegg)
Power Supply: XFX 550W 80+ Bronze Certified ATX Power Supply ($35.99 @ Newegg)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.98 @ OutletPC)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.98 @ OutletPC)
Total: $803.88
Prices include shipping, taxes, and discounts when available

And here's a mirco ATX build without SSD, but better GPU
PCPartPicker part list / Price breakdown by merchant

CPU: Intel Core i5-4590 3.3GHz Quad-Core Processor ($199.98 @ SuperBiiz)
Motherboard: ASRock B85M Pro4 Micro ATX LGA1150 Motherboard ($69.99 @ Amazon)
Memory: Avexir Core series 8GB (2 x 4GB) DDR3-1600 Memory ($68.99 @ Newegg)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($54.98 @ OutletPC)
Video Card: MSI Radeon R9 280 3GB TWIN FROZR Video Card ($199.99 @ Newegg)
Case: Fractal Design Core 1000 USB 3.0 MicroATX Mid Tower Case ($39.98 @ OutletPC)
Power Supply: Antec High Current Gamer 620W 80+ Bronze Certified Semi-Modular ATX Power Supply ($59.99 @ Newegg)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.98 @ OutletPC)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.98 @ OutletPC)
Total: $798.86
Prices include shipping, taxes, and discounts when available

The motherboard you selected is meant for overclocking, both builds that I've listed do not feature nay overclocking features

The only things I liked about your build were the CPU and SSD. Your funds allocation for everything else is pretty off.

I assume you'll want to game on your computer, so your GPU should be the most expensive component of your build. Depending on your budget, most expensive by far.
Since this is your first build, were you interested in overclocking? I'd recommend not, since stock speeds work perfectly fine. And in that case, I'd recommend not getting a CPU cooler either, because the stock heatsink will keep it cool enough.
Your CPU is perfect.
As far as case, when I was building my first computer, I wanted the best case out there. But it doesn't do anything for you performance-wise. I've come to love some of the very good budget-cases from NZXT, Corsair, Cooler Master, the companies that are veterans in making cases. The NZXT Source 210 Elite for $50 is awesome, easy to build with, and you don't need anything else.
On to hard drives. You have a very good SSD, best for the price currently. SSD's are what your operating system runs on, and should be fast. Other stuff just needs storage space, and a basic 7200rpm 1TB hard drive is best. Everyone is currently building with the Western Digital Caviar Blue 1TB because it's so cheap and effective.
For PSU, you don't need a platinum rated one. However, I would recommend a little more wattage. PSU's are most efficient around 50% load. That doesn't mean you need an 800W supply if your system uses 400W. Just give the PSU some wiggle room. The kings of PSU's are usually Seasonic, Antec, XFX, and Corsair.
Your RAM is ok, I usually build with G.Skill.
Motherboard is another thing that's hard to convince people to not over-spend on. For overclocking and running 2 graphics cards, ya, you'll need a better motherboard, but you'll get far less significant returns investing into a motherboard than spending that money on your CPU or GPU. There are always the bad reviews on newegg, and people get unlucky. I've never received a bad motherboard, but even if I did, newegg has an amazing return/replace system.

I don't want to assume too much before recommending a build though.
How much do you want to game?
Are you a student/what's you major/what demanding programs do you use?
You mentioned your budget was $1500, but that's a huge amount for your first build. Think about a good monitor as well.
Any other info about what you'll be using the pc for would be appreciated.